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Grexit 'could be a catastrophe'

Ahead of next week’s IMF payment deadline, Tim Franks asks the Portuguese Finance Minister, Maria Luís Albuquerque, whether there are any signs of a deal with Greece so far.

She also talks about the consequences of a Grexit saying: "It could be a catastrophe. I think it would be very, very bad for Greece to begin with… and it would be very challenging for the eurozone."

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4 minutes