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Obama: Greece won't be 'major shock' to U.S. financial system

Tuesday, June 30, 2015 - 01:29

President Barack Obama says the current crisis in Greece should not prompt 'over-reactions' in the U.S. Rough Cut (no reporter narration).

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ROUGH CUT (NO REPORTER NARRATION) U.S. President Barack Obama said on Tuesday that the current crisis in Greece should not prompt "over-reactions" in the United States, but U.S. officials have been monitoring the situation. "In layman's terms for the American people, this is not something that we believe will have a major shock to the system," Obama said during a news conference. "But obviously it's very painful for the Greek people, and it can have a significant effect on growth rates in Europe."

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Obama: Greece won't be 'major shock' to U.S. financial system

Tuesday, June 30, 2015 - 01:29