May 16, 2012
Depositors in Greece are nervous about the possibility, and euros are being drained from the country's banks at a rate of up to $1 billion a day this week. The new election scheduled for June isn't boosting much confidence either. But with so much at stake, is it possible for leaders to prevent an exit?
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The country will try again to form a government. Meanwhile, its president worries about million so euros being pulled out of Greek banks. And talk of a "Grexit" from the euro zone is increasing.
May 14, 2012
In Greece, the politicians can't agree on a new government. In Spain, the health of the banks is in doubt. Europe's austerity plans are generating increasing opposition, and the Continent's economic crisis appears to be growing more urgent.
May 13, 2012
Tempers are boiling in Greece and other European nations that traded bailouts for a strict austerity plan. Some say Germany's rigid solution is already failing, and may even fracture the euro zone. If that happens, that'll be very bad news for the U.S., too.
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May 12, 2012
Last Sunday's elections gave no party enough parliamentary seats to form a government. If President Karolos Papoulias can't broker a coalition agreement, Greece will have to hold new elections, prolonging the political uncertainty and bringing Greece's euro membership into question.
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Voters in France and Germany voted decisively against the EU austerity measures last week, electing a socialist in France and ending a four-decade-old two-party system in Greece. NPR reporters Eleanor Beardsley, Sylvia Poggioli and Eric Westervelt join host Scott Simon to talk about Europe's political and economic landscape one week later.
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May 11, 2012
Now, once again the country is on the verge of losing its bailout funds.
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May 7, 2012
After a weekend election that created even more potential uncertainty for both countries, observers weigh in on what could happen next.
The election of Socialist Francois Hollande in France and the rejection of austerity policies in Greece raise serious questions about the future of the euro and the fate of the continent's economic union. Financial markets are down on the news.
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May 2, 2012
This weekend, Greece holds what is expected to be the most fractious parliamentary elections in decades. Voters are so angry they're attacking lawmakers with eggs, yogurt and obscenities. Greeks blame politicians for causing the debt crisis by stealing public money and financial mismanagement.
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