Reuters reports that attempts to form a government in Greece
collapsed today, jolting financial markets at the prospect leftists
opposed to the terms of an EU bailout could sweep to victory in a June election
and nudge the euro zone crisis into a dangerous new phase.
The turmoil in Athens sent waves around other troubled
members of the 17-nation European single currency area. The euro slipped below
$1.28 while Spanish and Italian bond yields rose above the danger level of 6
percent as investors scurried for shelter in safe haven German Bunds….
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