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5/24/12

Europe awaits decision by volatile Greek voters - thestar.com

European leaders tied their next steps on the financial crisis to the outcome of a bitterly contested election in Greece that may determine whether the 17- nation euro currency splinters.

A six-hour summit ended early Thursday with an exhortation to Greek voters to elect a pro-austerity government on June 17 that makes the budget cuts needed to keep the financially ravaged country in the euro.

Euro-area finance ministers and leaders don’t meet again until after the Greek election, potentially facing a question deemed unthinkable when the euro was set up: how to broker an exit without shattering the broader European financial system.

Read more: Europe awaits decision by volatile Greek voters - thestar.com

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