Monday, May 14, 2012

Euro Crisis -- News Updates May 14, 2012

Would the euro go up in flames if Greece is forced to leave? BBC

Global Financial Markets In Turmoil As Government-Less Greece Teeters On Brink Of Crashing Out Of Europe -- Daily Mail

* Growing pessimism over future of single currency in current form
* Greek political paralysis as talks continue at 7.30pm to form government
* Communists vow to take to the streets as fears of civil war grow
* Ministers say armed kalashnikov-wielding gangs could take over
* Worsening crisis and thousands take to streets for mass protests in Spain
* Merkel's Christian Democrats 'crushed' in 'bellwether' regional elections
* German chancellor raises possibility of Greek exit for first time
* Greek bank shares plunge by 7%, as European stock markets also fall

Global financial markets were today plunged into chaos as Greece continued to teeter on the brink of crashing out of the eurozone.

European markets are suffering from the uncertainty over the future of the single currency, with Britain's FTSE-100 falling to a four-month low, plummeting 2.13 per cent to 5,456.61.

France's CAC 40 fell 2.23 per cent to 3,060; while Germany's Dax is 1.97 per cent down at 6,450. In the U.S., a lack of confidence has seen the Dow Jones fall 0.54 per cent 12,751.

At one point the American market was 1 per cent down, and further losses are expected, as experts say Greece's exit from the eurozone 'has become more likely in the past few hours'.

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More News On the Euro Crisis

Debt crisis: live -- The Telegraph
Eurozone crisis live: Markets slide as Greek euro exit looms -- The Guardian
Fears rise of new Europe crisis -- news.com.au
Greek Crisis Hurts Markets -- New York Times
Secondary Sources: Euro Crisis, Long-Term Unemployment, Greek Exit - -Wall Street Journal
Could the euro survive a Greek exit? -- Robert Peston, BBC
Euro crisis: The European maze -- Gavin Hewitt, BBC
The euro crisis: The unwinding -- The Economist

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