Greek Deadlock - Eurozone Crisis

BBC News: Reports that political talks in Greece between the main and minor Parties has failed to produce a Coalition Government.

Lets Get Real:

The Greek elite of the right and left has taken Greece down the toilet, they can not be trusted with the mandate to run Greece for the next couple of years. When it comes down to it, the Greek people have a choice, its about time the Greek political elite told them the truth, either they follow the austerity plan agreed by the previous Greek Coalition Government or they get out of the Euro. Those are the only choices that Greece has, what should Greece do? That is a hard question, in near future it should close its borders once night, freeze Capital transfers from banks and introduce a new currency, that currency should be local and backed by the Greek Government. One can postulate that before Greece would start such a policy it would get agreement from the EU/IMF/ECB to support the new Greek currency as the Greek Government could not go the money markets to raise cash, thus it is dependent on the Troika above. If Greece does not want austerity but is willing to accept tough times for a limited time period it should get out of the Euro and rebuild its economic structure, then the EU/IMF/ECB can have a firewall for the rest of the EU and its banks. Lets see if the Greek politicians have the will to make the tough decisions, it going to be tough in Greece folks.