Greek PM: Exit from euro would be 'catastrophic'

A Greek exit from the single currency would be a 'catastrophe', the country's Prime Minister reiterated over the weekend.

Antonis Samaras told the Washington Post an exit from the euro must be avoided at all costs, as he once again called for more time for Greece to implement spending cuts. Greece is currently trying to finalise a package of €11.5bn (£9.3bn) of spending cuts over the next two years, to ensure it qualifies for the next tranche of its second €130bn bailout. Samaras (pictured) said Greece has to "make sure that we abide by what we have signed because we believe that what they call a 'Grexit' is not an option for us. It would be a catastrophe." However, while the PM was keen to stress Gre...