Thursday, May 17, 2012

Greece: Before And After

The populist tsunami forms..  If these polls hold true, Greece is about to change history.  Is this Greece's exit from the euro zone?  Is this the beginning of the end for the entire European Union?  Where's Riot Dog?  Zero Hedge.  Excerpts:

In one of the most fascinating psychological shifts, there has been a massive shift in the perspective of the Greek electorate since the election two weeks ago. Almost as if the size of the actual votes for Syriza, the far-left anti-bailout party, gave citizens 'permission' to be angry and vote angry. The latest opinion polls, as per Credit Suisse, show the center-right New Democracy party crashing from 108 seats to only 57 as Tsipras and his Syriza colleagues soar from 52 seats to a hugely dominant 128 seats. Is it any wonder the market is pricing GGBs at record lows and 'expecting' a Greek exit from the Euro as imminent given the rhetoric this party has vociferously discussed. On the bright side, the extreme right Golden Dawn party is seen losing some of its share.

The new election date for Greece is June 17th.  Can the bankers prevent a bank run meltdown before then?  Fun election fact:  More than one half of Greek policemen voted for the Neo-Nazi New Dawn Party.  That ought to be a great conversation starter and laugh riot during the upcoming real riots!

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