Greek political leaders reacted angrily on Saturday to a suggestion, attributed to German Chancellor Angela Merkel, that the country hold a referendum on euro membership alongside an election next month. (read the story…)
May 16 (Bloomberg) — Japanese stocks fell, with the Topix Index declining a sixth day, as Greece decided to hold another election after failing to form a new government, raising concern the debt-stricken nation will exit the euro. Losses were limited as banks gained on improved profit outlooks. (get the story…)
Japan said Monday it will "carefully monitor" how Europe reacts to the election in France of Socialist Francois Hollande as the continent seeks to navigate a series of debt crises. (read more…)