If Greece abandons the euro "the monetary union becomes a different animal. A group that is possible to leave, it will no longer be irreversible," Finance Minister Pier Carlo Padoan said in Friday's issue of La Repubblica.
The euro-dollar rally has continued in recent weeks, hitting a peak of 1.14 last week. While the breakout initially looked like a short-term move rather than a trend change, the situation now is different and that impacts on long term positions.
The EU has agreed a €1.8bn (�1.3bn; $2bn) loan to Ukraine - described as a landmark deal for a non-EU member. The agreement was signed at an EU summit in Riga, Latvia, with the leaders of six post-Soviet nations.