Governments, European institutions and markets are apprehenisve about the outcome of the June 17 Greek elections and its consequences for the eurozone.
The Hellenic risk - Europe trembles before decisive vote – Financial Times Deutschland
Two days before the Greek election, Bundesbank president Jens Weinmann has warned that Europe will cease payment of financial aid to Greece if it does not meet the conditions imposed. The Eurogroup is preparing for an emergency meeting when the results are known.
Europe isn’t bluffing about eurozone exit – I Kathimerini
10% of Greek voters still don't know who they will vote for on June 17. The two frontrunners are radical left coalition Syriza and the conservative New Democracy.
The 700,000 undecided barometer – To Ethnos
Cyprus is likely to obtain EU aid to recapitalize its troubled banking sector, but is also hoping for financial support from Russia or China.
Russian loan is the key – O Phileleftheros
Turmoil in the eurozone has pushed Bank of England governor Mervyn King and UK Chancellor George Osborne to announce measures designed to prevent a new credit crunch that would push Britain's economy deeper into recession. Meanwhile, PM David Cameron testified before the Levenson inquiry into the culture and ethics of the British press following the News International phone hacking scandal.
King hits panic button – The Independent
In a statement on Thursday Angela Merkel argued that “Germany’s power is not unlimited.” Ahead of the G-20 summit in Mexico the Chancellor criticised her detractors who seek “simple solutions” like eurobonds, stabilisation funds and “more billions”. She stressed the importance of political union for the eurozone and the need for non-European states to help Europe pull through the eurozone crisis.
Germany’s power is limited too – Frankfurter Allgemeine Zeitung
According to a poll ahead of the June 17 second round of parliamentary elections, French President François Hollande's Socialist party (PS) looks set to win an absolute majority in the National Assembly. A low turn-out is anticipated.
The voters’ dilemma – La Croix
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