You're watching...

Political Turmoil in Greece Hurting Wall Street

Details

  • Description

    Stocks drop sharply

  • Duration 1:21
  • Date

Clips

Also in this playlist...

Latest News

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

-- -- that's right you know blame it on Europe and you'll probably be right Europe is in trouble not just the usual suspects although the usual suspects are probably no bigger suspecting Greece.

Not a lot of optimism coming out of Greece these days as the head of the radical left coalition tries to put together a government after those elections on Sunday.

The odds of that happening are not very likely this will lead to confusion at best and may be total chaos now are Greeks are tired of austerity and they voted that way the cuts that have been imposed on them in exchange for some 300 intent.

Billion dollars in bailout from the European Union stocks down across.

-- Europe in Greece lowest level in twenty years the stocks today Greece is certainly the weak -- to question how long it will last in the eurozone but elsewhere in Europe are in France especially the big question president -- Elect Francois -- London will be taking over in a week for Nicolas Sarkozy hold on -- insisted that they have to do less with austerity do more on growth the big question is how do you do that.

And hard you do that especially -- Germany.

Looking over your shoulder.

Finally -- let's not forget about Italy you know Silvio Berlusconi is gone Mario -- -- in he's a very well respected technocrat but he is a limited in his time here and also the first cracks are beginning to show here in Italy Jenna.