Tuesday, May 8, 2012

Greece at new risk of being pushed off euro


''It took months for international finance officials to piece together a bailout that was acceptable to Greek leaders. But it took voters just 12 hours at the polls to deal it a hard blow, leaving Greece on Monday at renewed risk of being pushed off the euro currency once and for all.
Infuriated by demands for harsh spending cuts that could exacerbate a crippling recession,Greek voters on Sunday overwhelmingly rejected politicians who had supported the $171 billion bailout that is keeping the country from bankruptcy. After just hours of trying to form a coalition government Monday, Antonis Samaras, head of the top-vote-getting New Democracy party, gave up, giving an anti-bailout party a stab at it..''

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