Greeks to hold new election, markets tank

Greeks to hold new election, markets tank

ATHENS, Greece (AP) — Greece is headed for another month of political paralysis ahead of new elections in mid-June, after party leaders today failed to reach an agreement to build a coalition government. The protracted deadlock and the prospect of an anti-austerity party winning the new vote hammered Europe’s markets on fears that the debt-crippled country could be forced out of the European single currency, triggering shockwaves throughout the 17-country eurozone.