Economy: Economic News, Policy & Analysis - The Washington Post: Greek deadlock heightens fears of full European crisis

Economy: Economic News, Policy & Analysis - The Washington Post
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Greek deadlock heightens fears of full European crisis
May 14th 2012, 18:54

Political deadlock in Greece on Monday stoked a renewed sense of crisis about the fate of the European economy as new data confirmed a downturn in one of the world's major trading blocks.

The immediate focus was on the inability of Greek politicians to form a new government after divided elections last week — raising the possibility that the country may yet reject a recent international bailout agreement and leave the euro currency union.

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