| UK Prime Minister David Cameron said a Greek vote that rejects the terms of the country's bailout will send a message that the country is exiting the euro currency. “We now have to send a very clear message to people in Greece,” Cameron told reporters more |
| Bloomberg ( 5/20/2012 11:26:07 AM -08:00 ) |
| Greek Crisis Poses Unwanted Choices for Western Leaders |
| PARIS — The leaders of the Group of 8, emphasizing growth as well as fiscal discipline at their meeting on Saturday, made a strong plea for Greece to stay in the euro zone and the European Union. And no wonder. Despite efforts at official reassurance, more |
| New York Times ( 5/20/2012 10:59:52 AM -08:00 ) |
| Cameron urges Greek euro exit plans |
| David Cameron has issued a stark warning to eurozone leaders that they must put in place proper contingency plans to protect their economies in case Greece drops out of the single currency. He said Greek voters effectively faced an in-out choice when more |
| WalesOnline ( 5/20/2012 10:37:16 AM -08:00 ) |
| Greek voters 'to choose' on euro |
| Greek voters have a choice in next month's elections between staying in the euro or leaving, British Prime Minister David Cameron said today, urging the euro zone to put in place strong contingency plans for either eventuality. more |
| TVNZ ( 5/20/2012 10:31:17 AM -08:00 ) |
| Multinationals sweep euros from accounts on daily basis | |
 | When it comes to contingency planning for a eurozone break-up, it is typically a German company that has been ahead of the game. With just about everyone reckoning Greece is heading for the exit, the treasury operations of multinational companies have more |
| Telegraph.co.uk ( 5/20/2012 10:02:10 AM -08:00 ) | |
| Rising US recession risk poses the real threat to Europe | |
 | The US economy has slowed to stall speed. A few lonely forecasters fear that America has already fallen back into recession, replicating the terrible double-dip of 1937. A few lonely forecasters fear America has already fallen back into recession. more |
| Telegraph.co.uk ( 5/20/2012 9:35:39 AM -08:00 ) | |
| Desperate times call for desperate ECB measures |
| It appears that Europe is about to repeat the same mistake in Greece that it made in October, when it mandated additional sovereign debt buffers for its banks. Only this time round the mistake may have truly catastrophic consequences. more |
| Financial Times ( 5/20/2012 9:32:30 AM -08:00 ) |
| One of the worst handled crises ever |
| By Jonathan Davis Future historians are unlikely to look with favour on the way that the eurozone crisis has been handled by the region's leaders. Whether or not Greece now leaves the single currency, hindsight will surely record that from an objective more |
| Financial Times ( 5/20/2012 9:31:28 AM -08:00 ) |
| The most pro-European thing to do now is reject the euro | |
 | Those readers who have been berating me for years for even considering the possibility of a country leaving the euro have recently fallen silent. (You know who you are.) European history has been about various powers trying to dominate and Britain more |
| Telegraph.co.uk ( 5/20/2012 9:01:17 AM -08:00 ) | |
| Euro Zone's Banks Are "In Tatters" Says UK Minister -Report |
| LONDON – Former UK chancellor Ken Clarke has said Europe's banking system is "in tatters," warning the UK is "heavily exposed" to potential problems in the currency bloc, the BBC reported Sunday. The UK justice secretary also said Greek voters had to more |
| Fox Business ( 5/20/2012 8:40:56 AM -08:00 ) |
| What happens next if Greece leaves the eurozone? |
| There is more and more speculation that Greece is about to leave the euro. The country has been unable to form a government, and new elections seem set to give power to parties that reject the spending cuts that have been agreed with other eurozone more |
| BBC News ( 5/20/2012 8:35:29 AM -08:00 ) |
| More support sought for weaker euro zone nations |
| LONDON — The euro zone can protect its currency if its stronger countries provide more support for the weaker to help them deal with their problems, British finance minister George Osborne said in a newspaper yesterday. more |
| Oman Daily Observer ( 5/20/2012 8:16:42 AM -08:00 ) |
| Greeks fearful as euro exit looms |
| Greeks fear that if their country is forced out of the euro zone, and much of the speculation is that it will be, then they will face soaring prices with the return to a drachma which must fall sharply. Greece goes into a second election in six weeks more |
| Hindustan Times ( 5/20/2012 8:02:27 AM -08:00 ) |
| Weaker euro zone nations need more support from core: UK |
| LONDON: The euro zone can protect its currency if its stronger countries provide more support for the weaker to help them deal with their problems, British finance minister George Osborne said in a newspaper on Sunday. The future of Europe's 17-country more |
| Economic Times ( 5/20/2012 7:38:10 AM -08:00 ) |
| N Chandra Mohan: |
| Business Standard (blog) more |
| Unravelling the Greek tragedy ( 5/20/2012 7:10:21 AM -08:00 ) |
| Repercussions of a 'Grexit' | |
 | To stay or not to stay: Both from Greece's perspective as well as the rest of the Euro Zone, it is far from clear which is the better option. On board The Firefly, a gold-coloured A319 that delivered a British delegation to Athens this week, more |
| Hindu Business Line ( 5/20/2012 7:04:40 AM -08:00 ) | |
| Weaker euro zone nations need more support from core - UK | |
 | by F wire May 20, 2012 LONDON (Reuters) – The euro zone can protect its currency if its stronger countries provide more support for the weaker to help them deal with their problems, British finance minister George Osborne said in a newspaper on Sunday. more |
| Firstpost ( 5/20/2012 6:45:59 AM -08:00 ) | |
| Birth of new Greek drachma would be pained, rushed | |
 | by F wire 1 min ago WASHINGTON (Reuters) – If or when policymakers finally decide Greece should leave the euro, the exit could happen so quickly that “new drachma” currency notes might not be printed in time. In principle, some of the long-term more |
| Firstpost ( 5/20/2012 6:45:17 AM -08:00 ) | |
| On Greek economy, who will blink first? |
| By Heather A. Conley, Special to CNN An EU flag flies in front of the Acropolis in Athens. A rerun of the Greek elections is scheduled for June 17. Heather A. Conley says the EU is on the brink over Greece's economic crisis Editor's note: Heather A. more |
| CNN International ( 5/20/2012 6:42:34 AM -08:00 ) |
| Greek exit could cost $1 trillion | |
 | By SAPA As the spectre looms ever larger of a Greek exit from the eurozone, economists have been making highly complex calculations of how much that bombshell would cost - with estimates as high as $1 trillion. The approximations vary widely with the more |
| Independent Online ( 5/20/2012 6:32:02 AM -08:00 ) | |
