Times247.com

Greece abandoned a nine-day hunt for a government on Tuesday and called a new election that threatens to hasten the nation’s slide towards bankruptcy and a future outside the euro zone. …

A second election is expected to produce a similarly divided parliament, with opponents of the EU/IMF rescue consolidating their gains and raising the likelihood of an anti-bailout coalition that reneges on the deal keeping Greece afloat. …

“There is now a considerable danger that Greece simply runs out of money next month — that it can’t pay wages, can’t run public transport, can’t maintain infrastructure and that the country just descends into complete chaos,” said Jonathan Loynes, chief European economist at Capital Economics, which predicts the country could leave the currency bloc this year.