Coalition negotiation in Greece passed to former finance minister

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Source: Bloomberg
After failed coalition formation negotiation led by Alerxis Tsipras, leader of Syriza, mandate was passed to former finance minister Evangelos Venizelos, leader of Pasok party. Negotiations failed after Pasok rejected Syriza's proposal to cancel commitments regarding aid packages to Greece's economy worth EUR 240b. According to some specialists political turmoil which lasts for four days now raised the risk that Greece will leave Euro area by the end of next year to 75%.
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Thu, 10 May 2012 19:08:10 GMT

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