Latest update: 09/05/2012 

- euro - Greece - Italy


New elections for Greece?

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The Greek press doesn't have high hopes a stable government would be formed from the current chaos - while in Italy austerity isn't going down well with the electorate either.

IN THE PAPERS
By Elena CASAS

Greek paper Kathimerini doesn't rate Syriza leader Alexis Tsipras' chances of forming a government - and Der Spiegel says that for German conservatives, his insistence on scrapping the bailout terms is the last straw - they want Greece out of the euro if it won't abide by the agreement.

In Italy, la Repubblica explains established parties have got a bloody nose in local elections - and, says Corriere della Sera, a new party led by a famous comedian is benefiting.

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