Greek PM on brink as anxious world watches euro zone

By Dina Kyriakidou and Abhijit Neogy – Greece’s teetering government backed away from a proposed referendum on staying in the euro on Thursday, while European leaders talked for the first time of a possible Greek exit to preserve the single currency.

The specter of a possible hard Greek default and euro exit hung over the G20 summit, highlighting Europe’s frailty and divisions just when Sarkozy had hoped to showcase his leadership of the world’s major economies. more>

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