Telegraph: Reports that the two main politica parties in Greece, “ the socialist PASOK party and conservative New Democracy,….that neither is expected to garner enough votes to form a government. ”.
Lets Get Real:
The Greek people have a problem, they don’t want to leave the Euro but they don’t want to suffer the austerity programme demanded by the EU/IMF/ECB. The main political parties have been playing the tune of the above and thus will suffer in the election, the extreme left and right is expected to do well in today’s election. Thus with the French and Greek Election the EU and the Euro is looking at a cliff. The idea that you can somehow spend yourself out of this mess is very Weimar, just print money, at the end of the Euro will be worthless. Thus advice to stock traders, sell tomorrow, also raise the yields that France will pay to sell its bonds. The Greeks and the French have to be taught that if you spend someone else’s money you pay the piper, no easy way out, that IS the real world folks.
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