VIDEO: Economists fearful of consequences as Greeks move to have another set of elections

Turmoil in Greece continues with all efforts to form a new government having collapsed, a caretaker government having been appointed and new elections scheduled for June.

And that's the predictable part. Across Europe, there are concerns the Greek uncertainty could lead to further economic troubles across Europe and the complete disintegration of the eurozone.

And if the dire projections have economists concerned, politicians are sticking to their guns. Greek President Karolos Papoulias brought together the political parties to name a caretaker prime minister, but the parties couldn't even agree on who would hold the government together until new elections are held June 17. So Papoulias turned to a respected Greek judge, Panayiotis Pikramenos. Pikramenos, whose name translates roughly to "embittered," will keep the government functioning but won't be empowered to enter any details with NATO or the EU.

Daniel Arbess on Greek Debt Crisis, Euro, Outlook
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