U.S. shuttle diplomacy seeks to pull Europe back from brink

…She told Greek parties running in fresh elections on June 17 that Greece faces no choice but to make the difficult economic reforms laid out in its EU/IMF bailout package, or its financing will be cut off…

Greeks Are Divided on Way Forward

Left-Wing Party Vows to Halt Cuts While Staying in the Euro, but Europe Isn't Bending

By JAMES ANGELOS

The Wall Street Journal

Greece needs to go to the brink

By Hugo Dixon MAY 28, 2012

Reuters

…Roughly three quarters want to stay with the euro but two thirds don’t want the reform-plus-austerity programme…The next election is unlikely to resolve this inconsistency…

… Germany, for one, will not be blackmailed by threats of mutually assured destruction…

Facing a Teetering Greece, Europe Plans for the Worst

...A few months without foreign aid and E.C.B. lending, Mr. Kirkegaard said, would be enough to convince the Greek people that the conditions imposed by foreign lenders would be the lesser evil....

The New York Times

Europe dithers as Greece vote looms

BBC

By G Hewitt

Europe is divided and uncertain and the euro - at least initially - has fallen to a 22-month low against the dollar.

Greek President Proposes Government of Non-Politicians (Update 3)

By Maria Petrakis, Natalie Weeks and Marcus Bensasson - May 15, 2012 4:56 PM GMT+0300

Greece will hold new elections after President Karolos Papoulias failed to broker a governing coalition following an inconclusive May 6 vote, raising concern it may exit the euro. The currency and euro-area stocks fell.

Fresh talks in Greece as fears of euro exit grow

BBC

http://www.bbc.co.uk/news/world-europe-18068189

Further talks are due in Greece amid a scramble to try to secure a workable government following inconclusive elections nine days ago.

Turmoil in Greece Raises Euro Risk

Though Financial Markets Are Relatively Calm, Concern Grows About Impact of Potential Exit From the Common Currency

The Wall Street Journal

By CHARLES FORELLE

Financial markets' relatively calm reaction to the Greek turmoil masked rising risks Greece is on a road that leads to its exit from the euro zone, with hard-to-predict consequences.

Greek Elections May 2012, Analysis

By Mark Lowen

BBC News, Athens