A Critical Stage In The Eurozone Crisis?

The failure of the recent election in Greece to produce a workable government and the rise to prominence of Syriza, a left wing party which campaigned on an anti-austerity message, has led a renewed focus on Greece's future and that of the Euro itself.

The next round of voting in Greece on 17 June carries great significance. In an attempt to counter the rise of anti-austerity sentiment, the election is being billed in some quarters as a vote on the Euro. At the same time, Eurozone officials are talking up the seriousness of the consequences for Greece if it goes back on the agreements which underpin the provision of bailout funds by the so-called 'troika' of the ECB, EU and IMF.