Greece may exit eurozone, and even EU, without bailout deal, warns central bank

Athens

THE Greek central bank warned on Wednesday that the country could crash out of the eurozone and even the European Union if it fails to reach a bailout deal with international creditors.

In one of the starkest warnings so far from a Greek institution, the Bank of Greece said: "Failure to reach an agreement would . . . mark the beginning of a painful course that would lead initially to a Greek default and ultimately to the country's exit from the euro area and - most likely - from the European Union."