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Greek Euro Exit Rattles Markets

Currency hits 3-month low as central bankers discuss possibility of Greek departure.

By Patrick Donahue, Bloomberg | Updated on May 14, 2012

Greece’s possible exit from the euro area moved to the center of Europe’s financial-crisis debate, rattling markets as authorities in Athens struggled to form a government.

Meetings brokered by Greek President Karolos Papoulias were set to continue today after Syriza, the leading anti-bailout party, rejected a unity government following inconclusive elections May 6. That moved the country closer to a new vote, with at least five European central bankers broaching the once-taboo topic of its exit from the euro.

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