Six days in Europe that might change the world

On Thursday, the UK general election might end up in a hung Parliament, maybe a constitutional crisis, and could mark the beginning of two years of uncertainty over the country’s European Union membership.

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On May 11, eurozone finance ministers will once again meet to try and come up with a short-term fix to the ever-festering Greek crisis.

On May 12, after several weeks of barrel-scraping, Greece will pay back a €774 million loan to the IMF. Or maybe not. Which would then trigger the dreaded debt-default spiral that could push Greece out of the monetary union.

No wonder the City of London is worried. In the “square mile” — the heart and muscle of Europe’s financial industry in the British capital — many players fear the coming end of a year of renewed exuberance, with fast-rising stock markets and the return of mega-deals. More generally, some think that exacerbated political uncertainty will compromise Europe’s fledgling recovery.

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