"There could be a Lehmans moment if things are not properly handled"

“Europe may be able to muddle through but the risk is rising. There could be a Lehmans moment if things are not properly handled,” the outgoing head of the World Bank Robert Zoellick told Britain’s Observer newspaper…

Opinion polls show Greeks, weary after five years of deep recession, overwhelmingly favor remaining in the euro. But there is bitter anger over the repeated rounds of tax hikes, slashed spending and sharp cuts in wages.

“I voted with a heavy heart for a pro-bailout party because I want the country to stay in the euro, with the help of our European partners. I don’t think the failed recipes of the left would get us out of this mess,” Stratos Economou, 49, who runs a bakery shop in Athens, told Reuters…

All parties actually say they will keep Greece in the single currency but Alexis Tsipras of the Syriza party believes the agreement can be renegotiated without Greece having to leave, betting that European leaders cannot afford the turmoil that would be unleashed by cutting a member of the euro zone loose.