Tuesday, May 15, 2012

Here Come The Greek (Re)Elections

Update: confirming what we already know:

GREEK PRESIDENCY SPOKESMAN SAYS NO DEAL ON GOVERNMENT, GOING TO ELECTIONS
GREEK CARETAKER GOVERNMENT WILL BE APPOINTED TOMORROW

Wonder why the EURUSD is suddenly sliding? Here's why:

GREEK ANTI-BAILOUT CONSERVATIVE KAMMENOS SAYS THERE IS NO DEAL ON GOVERNMENT -BBG
KAMMENOS SAYS "THEY PREFER CREDITORS TO NATIONAL SOLUTION"
KAMMENOS SAYS NEW ELECTIONS WILL BE HELD

Which means Syriza will win the June re-elections, likely with a strong majority,

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