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

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Reuters WASHINGTON
Last Updated : Jun 30 2015 | 11:28 PM IST

WASHINGTON (Reuters) - 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."

(Reporting by Jeff Mason, Roberta Rampton, Idrees Ali and Emily Stephenson; Editing by Eric Beech)

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First Published: Jun 30 2015 | 11:20 PM IST

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