Welcome to our rolling coverage of the eurozone, following a narrow victory for parties supporting the bailout in Greece’s election. By Tom Burgis and John Aglionby in London and Shannon Bond in New York, with contributions from FT correspondents around the world. All times are London time.
23.40 Alright folks, we’re wrapping up for the night, but you can keep up with the latest developments on FT.com. Here are some of our top stories from Monday:
- In Greece, Antonis Samaras’s victorious New Democracy party worked to stitch together a coalition government out of three disparate political parties joined only by their determination to stick with the euro.
- But for markets, the Greek honeymoon was shortlived, as Spain’s borrowing costs surged to a euro-era high.
- Political leaders gathered in Los Cabos, Mexico, for the Group of 20 summit, where Europeans came under pressure from the international community to resolve the crisis.
- FT investment editor James Mackintosh says that the Greek election results could allow eurozone leaders to keep dithering.
- But Lawrence Summers, former US Treasury secretary, warns a collapse of the currency union “would be a disaster that might define our era.”
- And Gideon Rachman argues the wrong steps to fix the crisis could be as damaging as the crisis itself.