Greek Crisis Threatens World Economy

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Stocks closed down for the third day in a row Wednesday, but the U.S. economy is not to blame. The problem is Greece, where it's still unclear just whose is in charge after recent elections.

Greece's austerity measures led to mass public protests and drove the country's economy into a recession.

Angry voters ousted the two main parties, putting a random assortment of new parties in Parliament. Now it is unclear who is in charge, which makes other world markets nervous.

German ministers warned Greece that if it doesn't stick to the terms of the a previously agreed upon bailout deal, the country risks aid payments.

If Greece decides not to stick to the bail out deal it will cause a dangerous ripple effect to other world markets.

"There is a sense that the U.S. economy on its own is doing okay, I wouldn't say great, but it's doing okay," Aaron Task with Yahoo! Finance said.

"But we don't live in an isolated world anymore," he added. "It's a global economy so what is happening in Europe obviously is not staying in Europe."

Greece is expected to go back to the polls within the next few weeks.

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