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Bank of Greece: Nation may be driven out of euro

Bank of Greece: Nation may be driven out of euro (by Polya Lesova)

LONDON (MarketWatch) -- The Bank of Greece said on Wednesday that the nation is in "the most critical period" in its post-war history and could potentially be driven out of the euro zone. Greece must focus all efforts on meeting the targets set in an October agreement, the central bank said. Otherwise, the nation may face "an uncontrolled downward trajectory that would undermine many of the achievements that have been attained in recent decades, drive the country out of the euro area and set Greece's economy, standard of living, society and international standing back many decades," the Bank of Greece said.