Greek election uncertainty overshadows markets
Pan Pylas - The Associated Press
A man is reflected in the chart with stock prices at the Greek Stock Exchange in Athens, Monday, May 7, 2012. Financial markets will likely stumble this week after elections in Greece and France cast a pall of uncertainty over Europe's efforts to solve its debt crisis.
A period of uncertainty looms for the bailed-out country, which is in its fifth year of recession and has over half its youth out of work following big spending cuts and tax increases in return for crucial international bailout funds. If no government can be formed that can command a majority in Parliament, another general election within the next two months seems possible.
- Already a subscriber?
Sign in to read full article.
- Not a subscriber?
Subscribe now and get full access!