Greece

9:35am

Thu May 10, 2012
The Two-Way

Olympic Torch Lit In Greece; Countdown Begins To London Summer Games

A priestess holds an olive branch and the lit Olympic torch.
Petros Giannakouris AP

6:39am

Thu May 10, 2012
The Two-Way

Greek Parties Struggle To Form New Government

With the future of Greece's internationally mandated austerity measures hanging in the balance, the prospects for a new government in Athens are rapidly fading just four days after inconclusive parliamentary elections.

The elections left no clear winner. The conservative New Democracy party, which won the most votes, and the Radical Left Coalition, or Syriza, which came in second, have both already tried and failed to form a government. The baton now passes to the traditionally dominant socialist PASOK party, which came in a distant third in Sunday's polling.

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3:45pm

Tue May 8, 2012
Europe

Greece's Left Wing Tries To Form A Government

Originally published on Wed May 9, 2012 5:07 pm

Alexis Tsipras, leader of the Coalition of the Radical Left, or Syriza, speaks to the press in Athens on Tuesday, May 8, after the Greek president gave him a mandate to form a government. Tsipras has three days to put together a coalition. An attempt by a conservative party has already failed.
Louisa Gouliamaki AFP/Getty Images

In debt-burdened Greece, the president has given a left-wing coalition a mandate to form a new government, but it faces an uphill battle following an election in which no single party was dominant.

The Coalition of the Radical Left, known as Syriza, vehemently opposes the austerity program imposed by international creditors.

Syriza finished second in the vote Sunday, when Greek voters decisively rejected the tough conditions for international bailouts.

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1:40pm

Mon May 7, 2012
Europe

Four Possible Post-Election Moves For Greece, France

Originally published on Mon May 7, 2012 2:14 pm

Greek newspapers on display at a newsstand in Athens on Monday after a stunning weekend election shake-up by parties opposed to further vital austerity cuts.
Louisa Gouliamaki AFP/Getty Images

Europe's unsettled political climate after the weekend elections in France and Greece raise one obvious question: What's next?

The elections, in which French President Nicolas Sarkozy was defeated and Greece's major political parties struggled to form a governing coalition, have raised fears about the political and economic stability of the European Union. Some potential scenarios coming out of the elections:

Staying The Course

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5:20am

Mon May 7, 2012
The Two-Way

'Seismic Shift' In Europe After French And Greek Elections

Originally published on Mon May 7, 2012 10:53 am

In Paris on Sunday, supporters of newly elected president Francois Hollande celebrated.
Joel Saget AFP/Getty Images
  • Eleanor Beardsley, reporting on 'Morning Edition'
  • Sylvia Poggioli reporting on 'Morning Edition'
(Note: We updated the market news in this post at midday.)

A victory Sunday by Socialist presidential candidate Francois Hollande in France and the rejection by voters in Greece of that country's austerity policies have caused a "seismic shift" that threatens the future of the euro,

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