Greek coalition government talks collapse; Banksters worry that next election will kill bailout deal

[marmar]

(Independent UK) Markets slid on the news today that coalition government talks in Greece have failed after nine days of discussions, meaning the country is heading for another election next month.

The worry in the markets is that the next round may lead to the triumph of parties that want to scrap the country's bailout agreements with international creditors, which would put Greece's membership of the euro into jeopardy. The left-wing Syriza party, which came second in the vote on 6 May, has said the draconian terms of Greece's financial rescue agreements should be scrapped or rewritten.

Any faint hope that the parties would come to an agreement were dashed when Evangelos Venizelos, the leader of the PASOK socialist party said the talks had failed and another election would be held.

Having enjoyed some support early in the session, stocks in Europe were falling again, particularly in Athens, where the main exchange was down another 4.6 per cent. .................(more)

The complete piece is at: http://www.independent.co.uk/news/business/news/markets-drop-as-greece-heads-for-another-election-7754047.html

[xchrom]

1. Du rec. Nt

[Vincardog]

2. Not to Banksters "You are NOT god".

[AngryAmish]

3. Does Greece even have a printing press for currency anymore?

I suppose it could be outsourced to the US Treasury or to whoever does the Euro...

Anyway, the drachma is coming. If you are Greek, get your money in Euros, in cash, and visit Germany or Austria (or even Turkey). Currency controls are coming, sooner rather than later, and your bank accounts will be deflated in short order.

[Harmony Blue]

4. Banksters should be scared

people will not stay in slavery debt for their entire lives because of a few who chose to be irresponsible with money.