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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

Posted By admin On June 16, 2012 @ 2:00 am In Money Watch | Comments Disabled

JASON GROVES and HUGO DUNCAN
UK Daily Mail [1]
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 [1]


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URLs in this post:

[1] UK Daily Mail: http://www.dailymail.co.uk/news/article-2160024/Drachmageddon-World-leaders-crisis-talks-central-banks-poised-act-fears-Greek-election-leave-euro-teetering-brink.html

[2] The Greek Debt Crisis Escalates: Is Greece Threatening To Leave The Euro?: http://www.prisonplanet.com/the-greek-debt-crisis-escalates-is-greece-threatening-to-leave-the-euro.html

[3] Euro Officials Begin to Weigh Greek Exit: http://www.prisonplanet.com/euro-officials-begin-to-weigh-greek-exit.html

[4] World Bank warns that euro collapse could spark global crisis: http://www.prisonplanet.com/world-bank-warns-that-euro-collapse-could-spark-global-crisis.html

[5] Cost of Greek exit from euro put at $1tn: http://www.prisonplanet.com/cost-of-greek-exit-from-euro-put-at-1tn.html

[6] Greek Neo-Nazi Party Surges To Third In Polls, As Anti-Bailout Syriza Back On Top: http://www.prisonplanet.com/greek-neo-nazi-party-surges-to-third-in-polls-as-anti-bailout-syriza-back-on-top.html

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