The question of the day, to which we all know the answer (but I want to ask the question anyway), Are the Nannycrats Afraid of Democracy?
Here is a comment someone posted on the Guardian Greek Election Blog
In the past week, as I expected, the ECB, Troika, German officials and others have all warned Greeks to not vote for Alexis Tsipras and his radical-left party Syriza. The question is will it backfire.
I suggest it already has. The pertinent question is whether it backfire enough to matter.
Please consider Greeks rail against 'crude' German editorial.
In the wake of the Greek election, one thing is clear: No party or coalition of parties is in control. More elections are coming, but will the results be any different?
In the meantime, the next disbursement of Greece bailout funds is at risk, and Greece faces being unable to meet pension, salary and debt commitments next month.
Please consider Greece braces for a repeat of elections
ATHENS: Greece was officially declared in default on Friday, injecting even more urgency into a make-or-break weekend referendum that new polls suggested was too close to call. The fund providing Greece's financial lifeline declared "an event of default by Greece". The European Financial Stability Facility added, though, that it had decided to not immediately demand repayment of its loans -- a step that analysts say could have triggered sudden "Grexit", or Greece's exit from the eurozone.
And just like that the Santa rally is over, if only in Greece where both bonds and stock are tumbling after the third vote for PM Samaras' appointed presidential appointee Stavros Dimas concluded as many had expected: in failure, with 168 Greek lawmakers voting in favor of Dimas, well short of the 180-vote threshold needed. 132 voted against Mr. Dimas. This means that the "worst case" scenario - at least as described by Goldman - is now on deck: a snap general election that could bring the anti-bailout Syriza party to power.
Alexis Tsipras’s Syriza party defeated Prime Minister Antonis Samaras’s New Democracy to place first in Greek elections, exit polls showed, after a backlash against years of budget cuts demanded by international creditors.
In what appears to be a desperate attempt to boost confidence in a failing financial system taken right out of the 2011/2012 playbook, over the weekend the National Bank of Greece had its latest "subprime is contained" moment and loudly announced that "the situation with deposit outflows from the country was under control" as it tried to reassure markets ahead of a Jan. 25 snap election, reports Kathimerini.