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World leaders in crisis talks and central banks poised to act as fears over Greek election leave euro teetering on brink

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JASON GROVES and HUGO DUNCAN
UK Daily Mail
June 16, 2012

David Cameron held crisis talks with eurozone leaders last night amid mounting speculation that the world’s central banks are poised to launch a massive financial intervention after Sunday’s Greek elections.

The Prime Minister used a video conference call with the leaders of France, Germany, Italy, Spain and the EU to draw up a co-ordinated response to the potentially disastrous fallout from the poll.

Mr Cameron is due to travel to Mexico for the G20 Summit tomorrow night just hours after voting closes in Greece, where the Left-wing anti-austerity party Syriza is expected to do well.

The party has pledged to tear up the austerity deal imposed as part of the latest international bailout.

Greek conservative leader Antonis Samaras said last night that ‘the first choice the Greek people must make is euro versus drachma’.

Full article here

This article was posted: Saturday, June 16, 2012 at 2:00 am





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