The euro currency is dipping further against the dollar on financial markets and has reached its lowest level in four months in Asian trade. The drop comes amid rising worries over Greece's political future.

(Reuters) - Greeks are voting with their wallets and pulling euros out of the banks in fear that their country may leave the European single currency despite the declared determination of EU powers Germany and France to keep Athens in the monetary union.

As financial markets shuddered over the deepening turmoil in Athens on Wednesday, a chorus of skeptical politicians and central bankers from London to Ottawa predicted the euro zone could fall apart soon unless European governments act more decisively to save the currency.

The ruling, center-right Citizens for European Development of Bulgaria party, GERB, lost the local elections in the western city of Kyustendil because the opposition Socialists had purchased their votes.

The accusations came Monday from Prime Minister and GERB leader, Boyko Borisov.

(Reuters) - Greece's president met little enthusiasm from political leaders summoned to a final round of talks on Monday to avert a new election, reinforcing fears the country was firmly on the path to bankruptcy and an exit from the euro zone.

European shares slid and Spanish and Italian bond yields rose as the political deadlock threatened to reignite the euro zone debt crisis. Greek banking stocks tumbled 7 percent.

Bulgarians' hype over Prime Minister Boyko Borisov will be last-lasting, but the country's economic woes will one day debunk the myth of his charisma, a psychologist and former right-wing member of parliament has forecast.

"One thing is crystal clear and we should admit it – nobody can challenge Borisov in his talent to give people rich emotions, just like a tabloid TV broadcast does," Dr. Nikolay Mihaylov, psychologist and former MP from the die-hard right-wing Democrats for Strong Bulgaria, said in an interview for Trud daily.

President Karolos Papoulias has assembled the country's divided political leaders for a fourth and final attempt at piecing together a coalition government. European creditors are watching intently.

The Greek president met first with the leaders of Greece's three strongest political parties around lunch time on Sunday, before continuing his talks with the leaders of four smaller groups that secured enough votes to enter parliament.

From The BBC
Europe central bankers have been openly expressing views on the possibility of Greece leaving the eurozone as its leaders struggles to form a government.

Germany's top banker said it was up to the Greeks to decide, but if they did not keep to their bailout commitments, they would receive no new aid.

Foreign Minister Guido Westerwelle has called for a new approach to spending that boosts growth without increasing debt. He also warned that Greece can expect help from the EU, but only if it sticks to its commitments.