From Zero Hedge: http://www.zerohedge.com/news/greek-election-cheat-sheet (Monday) 02:00 AEST Polls close 04:00 - 05:00 AEST First official projection 07:00 AEST Updated projections 09:00 AEST another updated projection 15:00 AEST Final results expected
How does Greece leave the Eurozone if it doesn't have a leader or a party that forms Government? Only one party is in favour of exiting the Euro - the communists - and we know they won't win, 9% of the vote in May. Because of their "exit Euro" stance no one will form a coalition with them. These are my scenarios in order of likelihood following the result of this month's elections: a. Nothing will change, the crisis will continue to limp along, social unrest will escalate and we'll be reading much of the same news for the next 2 months until Greece has another election. The terms of the Euro bailout may be renegotiated thoiugh. Likelihood of occurring = 96%. b. Greece will voluntarily exit the EEC. Likelihood of occurring = 3.9% c. Greece will be asked to leave the EEC. Likelihood of occurring = 0.1% Don't hold your breath waiting for a decisive event. You might go purple in the process.
http://www.guardian.co.uk/world/2012/jun/16/greek-election-what-could-happen http://www.guardian.co.uk/commentisfree/2012/jun/16/life-greece-state
No not yet. The following link will provide all you need to know and it is in English. http://www.ekloges.ypes.gr/v2012b/public/index.html?lang=en#{"cls":"main","params":{}}
It's a close one.. http://www.heraldsun.com.au/news/br...e-edge-elections/story-e6frf7jx-1226398194517
Greece has voted for.....................................................nothing! When's the next election?
This from the Herald Sun http://www.heraldsun.com.au/news/mo...vital-greek-poll/story-fn7x8me2-1226398053938
In Australia ,AUD up,gold in USD down,so gold in AUD down:maybe,I thinks. But times are very fluid.In a week I expect the opposite. I expect AUD to start falling against gold.
Greece still has to fumble around and try and form a workable government in the next few days. They'd be better off naming a souvlaki as prime minister as it will have as much influence in running the country as one.
The MSM went into overdrive trying to scare voters from backing anti-bailout parties. PASOK and ND will make a pro-bailout, pro-austerity coalition. However more people voted for anti-bailout parties than for. Samaras has some nerve to claim victory when ND only got 30% of the vote - only 3% more than the radical left Syriza. Current law gives a "bonus" 50 seats to the party with the most votes, hence why ND will have more seats than any other party. This is a ridiculous law, introduced recently to benefit the party in power. Interestingly the far-right Golden Dawn party, did nearly as well as last time with just under 7%. However nothing will improve, things will only get worse for the people. There will be huge protests, anarchy and violence. Perhaps even a violent overthrow of the pro-austerity government. Greece will remain a basketcase for at least 10 years, probably more. Interactive election map in English: http://national12b.ekloges.dolnet.gr/index.php?lang=en
I think this thread needs to be thinned a little. I'm annoyed I wasted my time reading the irrelevant half.
Bloody hell what an absolute mess and shambles...... Also with apparent 'democratic' law allowing 50 bonus votes... The next week should be very interesting indeed.