Greece’s political turmoil showed no signs of abating Tuesday as hopes faded that leading political parties can form a coalition government after Sunday’s splintered election result, increasing the possibility that Greeks will be called back to the polls as early as next month.
The inconclusive vote and ensuing coalition talks, combined with concerns about the emergence of a Socialist president in France who opposes German-led austerity measures for the euro zone, has revived speculation that Greece would leave the euro, stoking new worries about the fragility of Europe’s monetary union.
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New Election in Greece Looks Likely
Greece’s political turmoil showed no signs of abating Tuesday as hopes faded that leading political parties can form a coalition government after Sunday’s splintered election result, increasing the possibility that Greeks will be called back to the polls as early as next month.
The inconclusive vote and ensuing coalition talks, combined with concerns about the emergence of a Socialist president in France who opposes German-led austerity measures for the euro zone, has revived speculation that Greece would leave the euro, stoking new worries about the fragility of Europe’s monetary union.
Read it all.