The political paralysis in Greece, where parties have failed to form a government since Sunday's inconclusive elections, has caused market turmoil across Europe this week. Investors fear the political standoff could jeopardize the country's international bailout, potentially pushing Greece out of the euro currency bloc and destabilizing the wider region.
Here's a look at the financial market movements in Europe's most vulnerable economies.
Spain is considered the weakest link in the 17-country eurozone after the three countries that have already been bailed out -- Greece, Portugal and Ireland. Madrid's IBEX index fell 2.8 percent while the yield on the ten-year Spanish government bond rose 0.28 of a percentage point to 6.06 percent. That is uncomfortably high, though still manageable -- yields above 7 percent are typically considered unsustainable in the longer-term.
After Spain, Italy is many investors' biggest concern in Europe because it has huge debt, at 120 percent of its GDP. The FTSE MIB in Milan dropped 1.2 percent while the yield on the ten-year bond spiked 0.20 of a percentage point to 5.57 percent.
The main stock index in Portugal, which took a bailout to avoid bankruptcy a year ago, fell 0.8 percent while the yield on its ten-year bond rose 0.23 of percentage point to 11.53 percent. The country does not tap such long-term bond markets, meaning the yield is only indicative of what it would pay if it did ask to borrow money from international investors.
The Dublin exchange was one of the few indexes to rise, by 0.4 percent, though its ten-year bond yield rose 0.47 of a percentage point to 8.21 percent. Ireland received a bailout at the end of 2010 and like Portugal does not issue long-term debt because the rate is still so high.
Greece, the source of the turmoil in Europe's financial markets, continued to see losses in the Athens stock index, which shed 0.9 percent Wednesday, adding to massive losses all week. The 10-year bond yield rose 0.56 of a percentage point to a massive 23.69 percent. Because the country has recently defaulted on its debt and some fear it might go bankrupt if a new government rejects its bailout program, there is no real market for its long-term bonds.