Greece will be holding
a new round of elections,
having failed to agree on a coalition
government
after the inconclusive poll of 9 days
ago
Photo: AFP/GETTY
Europe’s
financial crisis lurched into a
perilous new phase as dire
predictions emerged of a collapse
in Greece’s economy, with a run on
its banks bringing an inevitable
end to its membership of the euro.
Euro
future in question:
Merkel tells Greece
to back cuts or face
euro exit
Left to right: Italy PM
Mario Monti, European
Central Bank
President Mario Draghi,
and Luxembourg PM
Jean-Claude
Juncker, at the
Eurogroup meeting on
Monday
Photo / AP, Yves Logghe
Greece
may be forced to
leave the euro if
the country
refuses to
implement spending
cuts agreed with
the European
Union, Angela
Merkel warned