Eurozone leaders await Greek elections

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15.06.12

Politicians across Europe are holding their breath ahead of Sunday's crucial elections in Greece.

Voting papers and ballot boxes were being prepared ahead of the elections in Athens today.

The result will have huge implications for the Eurozone and beyond as speculation mounts that Greece will exit the Euro.

Eurozone leaders are expected to hold a teleconference once the result is made known.

Elsewhere, Spanish Prime Minister Mariano Rajoy met with EU Commissioner Joaquin Almunia today to discuss Spain's economic woes.

The country's cost of borrowing has eased slightly but it remains worryingly close to the levels that forced Ireland, Greece and Portugal into bailouts.

Spanish media reported that striking coal miners clashed with riot police in Northern Spain while Spain's public servant workers continued to protest against government cuts in Madrid.

It is said that they workers have resorted to using home-made rocket launchers in violent demonstrations.

While at home, leaders from both sides of the border met at Farmleigh to review the Eurozone crisis.



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