New Democracy Unable To Form Government, Anti-Bailout Parties Now Get Opportunity To Eject Greece From Euro

Tyler Durden's picture

Well, that lasted far less than the three days expected:

  • SAMARAS SAYS WAS UNABLE TO FORM GOVERNMENT
  • SAMARAS SAYS DID ALL POSSIBLE TO FORM GOVERNMENT
  • SAMARAS HANDS BACK MANDATE TO PRESIDENT PAPOULIAS
  • SAMARAS SAYS AIM TO KEEP GREECE IN EURO

And now the broad-left coalition Syriza gets the mandate to form a coalition government. If successful, and with nearly 60% of the parties in parliament being anti-bailout it would not take much for differences to be resolved, all bets are off as the anti-bailout powers will finally gain control of Greece, effectively ending European control over Greece. Alternatively, if nothing is achieved, then it is very likely that Greece will have another election within 3-4 weeks. And then another. And then another.