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Greece slides on bailout targets in political paralysis
ATHENS (Reuters) - Prolonged electoral uncertainty has put Greece into a state of deep freeze, meaning whoever finally emerges as the new leader will take over a country already falling behind on its promises to lenders. The European Union and International Monetary Fund demanded extensive cuts and reforms as part of a 130 billion euro bailout package agreed in March. But Greece has had no elected government since an inconclusive election on May 6, and paralysis will continue for at least another month, even as funds dry up in the treasury. ...
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Greece euro exit could hit Spain, Italy: Zoellick
WASHINGTON (Reuters) - A decision by Greece to leave the Europe's common currency zone would raise big questions about the impact on Spain, Italy and other countries in the region undergoing structural reforms, the head of the World Bank said on Wednesday. "The core question will be not Greece, but Spain and Italy," World Bank President Robert Zoellick said in a question-and-answer session with a local economics club. ...
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