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Germany's Gabriel: Consequences of a Greek bankruptcy would be 'gigantic'

FXStreet (Bali) - German vice chancellor and economic minister Sigmar Gabriel is crossing the wires, via Reuters, noting that the consequences of a Greek bankruptcy would be "gigantic" for Europe, adding that he hopes Greece will embrace attempts to get a deal.

Greece Markit Manufacturing PMI rose from previous 46.5 to 48 in May

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RBI cuts policy repo rate to 7.25% - RBS

Sanjay Mathur, Head of Economics Research - Asia-Pacific (ex-Japan) at RBS, notes that the Reserve Bank of India cut rates by 25bps in line with expectations.
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