LUXEMBOURG—Europe was scrambling Friday to pick up the pieces after another failed meeting over Greece’s bailout that reinforced fears that the country was heading for bankruptcy and a possible euro exit.
Several European countries said openly they are getting ready for the possibility of Greece leaving the euro. And though there was no sign of panic in the streets of Greece over that prospect, officials say Greeks are taking money out of banks in growing amounts.
As a result, the European Central Bank has scheduled a teleconference of its governing council to discuss emergency credit for Greek banks — just two days after it increased the amounts it was willing to provide. The ECB has been steadily increasing the credit it allows Greek banks to draw on.
