Monday, June 18, 2012

GREECE - Elections and Global Economic Jitters

"How Greece's Election Could Shape Global Economy" PBS Newshour 6/15/2012

Excerpt

JUDY WOODRUFF (Newshour): Leaders around the world are closely watching this weekend's elections in Greece, where the outcome could have serious repercussions for the global economy.

Polling stations across Greece were busy with pre-election activity today for the second time in six weeks. No party won enough support in last month's vote to form a government, forcing a do-over this Sunday. And the stakes are high for Greece, Europe and even the broader world economy.

The left-wing Syriza Party insists that, if it wins, it wants to reopen the part of the international bailout agreement that forced austerity measures on Greece. There had been fears of a Greek exit from the euro currency system and resulting turmoil in financial markets. Syriza's leader, Alexis Tsipras, however, now insists he is focused on improving the terms of the bailout and wouldn't quit the euro.

"Supporters of Bailout Claim Victory in Greek Election" by RACHEL DONADIO, New York Times 6/17/2012




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