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COST BENEFIT Greek Euro Exit ‘Not Attractive’ Kostas Tsironis / AP Photo

Greek Euro Exit ‘Not Attractive’

Beware the Greeks, especially bearing debt. Officials in the euro zone are weighing their options Monday as politicians in Greece continue to struggle to form a government that would enable the next tranche of bailout money for the country. Patrick Honohan, a member of the European Central Bank Governing Council, said the prospect of Greece withdrawing from the currency “is not necessarily fatal, but it is not attractive.” Greek President Karolos Papoulias is set to continue meeting with representatives from his country’s political parties today, including the far-left Syriza coalition, which opposes the bailout and austerity measures. Honohan said an exit from the euro was “technically” possible. The euro fell against the dollar Monday, and European stocks dropped off as a result of the continuing political uncertainty in Greece.

May 14, 2012 6:39 AM