Sunday, May 20, 2012

Greek Election Race Heats Up



Greek Election Race Tightens Into Dead Heat -- Swiss Info

ATHENS (Reuters) - A flurry of polls on Saturday showed the race to lead Greece has tightened into a dead heat ahead of an election next month that could determine whether it remains in the euro.

Greece was forced to call the new vote for June 17 after an election on May 6 left parliament divided evenly between groups of parties that support and oppose austerity conditions attached to a 130 billion euro rescue agreed with lenders in March.

Read more ....

My Comment: The anti-austerity party is polling ahead in most polls. It appears that Greece will be voting into power a government that is hostile to any austerity measures .... a vote that will not only kill any additional funding and/or support from Europe, but will expedite the exit of Greece from the Euro.

It looks like it is going to be a very difficult summer in Europe this year.

Update: This is bad. Correction .... this is very very bad.

No comments: