The head of a major Greek business organization has lashed out at the country's politicians for failing to form a coalition government and triggering new elections, accusing them of acting like "undertakers"

A national retail association leader Vassilis Korkidis said Wednesday that Greek party leaders had failed to act responsibly, threatening to place the country on a "course of catastrophe."

Renewed uncertainty in the bailed out euro country hit European markets, after Greek voters hammered traditionally dominant parties in the May 6 general elections and emerging parties refused to accept power-sharing proposals.