tick tock tick tock …how much longer can the euro survive?
ATHENS — Greek political leaders stuck to entrenched positions before another round of coalition talks on Monday, dashing hopes of a last-minute compromise to avoid a new election that risks pushing the country closer to financial default.
European shares slid and Spanish and Italian bond yields rose as investors fretted the political deadlock meant Greece was on track to become the first country to abandon the euro.
Greece’s political landscape has been in disarray since an inconclusive election on May 6 left parliament divided between supporters and opponents of a 130 billion-euro ($168-billion) EU/IMF bailout, with neither side able to form a government.
With the country set to run out of money as early as next month and no government in place to negotiate the next aid tranche, investors are betting that a long-speculated Greek default and euro exit will happen sooner rather than later.
“There’s a real risk…
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