As Greece careens toward another election, it’s growing more likely that the country will crash out of the euro—but it is not yet inevitable.
Europe wants Greece to uphold the €173 billion ($220 billion) loans-for-austerity program Athens signed only in March. But Greek parties that support the bailout plan were trounced in 6 May elections.
Greek President Karolos Papoulias. Photo: Bloomberg
Opinion polls suggest pro-bailout parties will lose again in a new election, expected to take place on 17 June after cross-party talks on forming a government collapsed on Tuesday.
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—The Wall Street Journal