I keep pleading for someone, anyone to put Greece out of its misery. Greek voters have a chance on May 6th to do just that.
Please consider Greek ruling parties to get wafer-thin majority
The two main parties in Greece's ruling coalition would together get just a one-seat majority in parliament if elections were held now, a poll showed on Thursday, less than three weeks before the May 6 vote.
ROME — The front-runner to become Italy’s next prime minister warned Friday of a Greek-style social and economic meltdown unless austerity measures were maintained.
Final rallies in Rome, Naples and Florence ahead of Sunday’s general election brought a flurry of last-minute appeals to a deeply-disillusioned nation.
Polls suggest as many five million Italians have not made up their minds which party to support in the election, which will be held over two days in a country hit by a series of corporate and political scandals.
The Greek government's call for a voter referendum on the terms of the country's bailout by the rest of Europe raises the risk of a thumbs-down by austerity-weary Greek voters.The latest turn in Europe's financial crisis may dash any hope of taming the stock market's extreme volatility soon.
European stocks slid deeper into the red on Tuesday and the euro fell on rising expectations that Greece is set for a default despite fresh international efforts to resolve the debt crisis.German Chancellor Angela Merkel sought to ease fears over a possible Greek bankruptcy, saying the 17-country eurozone had to stick together and that an "uncontrolled insolvency" must be avoided.US President Barack Obama warned overnight that the world economy would remain weak until the eurozone crisis was solved, as market anxiety mounted over debt woes in Greece, Spain and Italy.
We know the Eurozone crisis is important, but in the daily talk of "bank stress tests" and "special purpose vehicles", it's easy to lose sight of the big picture: why the crisis has happened, what we should be worried about, and what could happen next.
This week Robert Peston are I will be trying to step back to answer some of those big questions, in a series of essays on the Eurozone crisis for Radio 4's PM programme.
Perhaps the best example of a "word out of place" comes from the new Eurogroup head, Dijsselbloem, also phonetically known as Diesel-BOOM, who just may have ushered in the next, next wave of the Eurozone crisis:
European stocks slid deeper into the red on Tuesday and the euro headed south on rising expectations that Greece was set for a default despite fresh international efforts to resolve the debt crisis.German Chancellor Angela Merkel sought to ease fears over a possible Greek bankruptcy, saying the 17-country eurozone had to stick together and that an "uncontrolled insolvency" must be avoided.