The euro-mafia is already hailing the Greek election as a turning point, hoping that conservative New Democracy and their socialist rivals Pasok will form a coalition which will implement the austerity measures demanded by Germany. Their micawberish expectation that something will eventually “turn up” is not, however, shared by all observers..
Both parties, which have ruled Greece for 38 years, are widely blamed for a crisis that has taken the country to the brink of economic collapse. Between them they won only about 40 per cent of the vote. By contrast, parties that opposed the bail-out increased their share of the vote to over 46 per cent, with Syriza, the radical Leftist coalition that wants to discard the agreement, almost winning outright.
Has the Greek euro maiden been untied from the rails and carried away before the locomotive thunders down the track?
I think not.
Settle down, folks, for the longest running death scene since the days of Victorian melodrama….
