Saturday, May 12, 2012

How #Greece could leave the eurozone – in five difficult steps

Mass unemployment in Greece, inflation at 50%, a devastating recession and Greeks heading for the borders – that's the apocalyptic scenario being painted by some economists in the increasingly likely event that Greece leaves the eurozone in coming months. Greece is small in economic terms: it ...

Mark Hanson

5:03 PM  -  Public
Greece likely to face new election

A fresh poll, to be held by 17 June at the latest, now looks inevitable, according to political party insiders. "The only other way out is if our creditors withhold aid," said one. "If funds dry up and Greek civil servants don't get their pay and pensions, maybe then people will come to their senses."

#Greece
Greek president makes last-ditch attempt to forge unity government »
Leaders of three largest parties to meet with Karolos Papoulias on Sunday after each failed to form coalition
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Extreme Greece

3:15 PM  -  Public
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