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Europe's 'Worst Crisis' Requires Fiscal Union: Spain
CNBC.com | June 13, 2012 | 08:12 AM EDT

Also on Wednesday, Vitor Constancio, vice president of the European Central Bank , told CNBC that a euro exit by any member state would be “catastrophic”.

“I cannot imagine a country leaving the euro and surviving; for that country in particular, it would be catastrophic,” Constancio said.

— By CNBC's Katy Barnato

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