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Author Topic: Greek party in favor of Euro bailout wins election  (Read 1051 times)

MillCreek

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Greek party in favor of Euro bailout wins election
« on: June 17, 2012, 06:33:33 PM »
So apparently by the narrowest of margins, the pro-bailout/austerity party in Greece has won the election.  It will be interesting to see how the markets react tomorrow morning.
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RoadKingLarry

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Re: Greek party in favor of Euro bailout wins election
« Reply #1 on: June 17, 2012, 10:26:53 PM »
I predict more rioting.
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RevDisk

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Re: Greek party in favor of Euro bailout wins election
« Reply #2 on: June 17, 2012, 10:48:03 PM »
Quote from: RoadKingLarry on June 17, 2012, 10:26:53 PM
I predict more rioting.

Pretty much.  Except most EU austerity programs are not very austere.  They're still growth in social spending.  Less growth, but few actual cuts

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French G.

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Re: Greek party in favor of Euro bailout wins election
« Reply #3 on: June 18, 2012, 07:27:19 AM »
Well, this is taking a long time to unwind, but it will be a more complete crash of the eurozone than if Greece had simply left. Germany can't pay all the bills, Greeks will subvert austerity, hilarity will ensue.
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