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"Major error if Greece leaves the euro" : Rajoy

Source: Reuters - Wed 16th May 2012
'Major error if Greece leaves the euro' : Rajoy

Spanish Prime Minister Mariano Rajoy said on Wednesday it would be a "major error" if Greece were to leave the euro common currency zone.

Rajoy was speaking to reporters in a hallway in Parliament.

Spain's risk premium, as measured by the spread on yields between Spanish and German benchmark debt, rose on Wednesday to more than 500 basis points, a record high in the euro area.

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