The Greeks, The Americans And The Economic Cliff

Preliminary exit polls are not good for the pro-austerity, keep Greece in the Eurozone at any cost coalition as 3 parties vie for top post An exit poll commissioned by Greek media shows three parties are vying for the top spot in the country's critical parliamentary elections, with no definitive front-runner and none gaining enough votes to form a government.

New Democracy is in lead with about a third of the vote counted. However, it now appears New Democracy has won, but it's also possible that no coalition with New Democracy will form. It all depends on Pasok , which has stated unwillingness to enter into a coalition with New Democracy. From The Guardian Greek Live Election Coverage.   7.53pm: Horsetrading between the parties has begun:

Sticking with quotes from the Guardian Live Election Blog, New Democracy leader Antonis Samaras "Will Honour Commitments to the EU". Samaras summarised his speech in English: His party would honour commitments to the EU. It was a victory for all Europe. A call for all political parties that share objectives to form government. Sacrifices of Greek people will be reflected.

I am amused by the Financial Times headline Tsipras shrugs off gaffe about Hollande. When Evangelos Venizelos, the Greek socialist leader, boarded a 7.30am flight to Paris on Tuesday, only his closest aides knew he was on the way to a hastily arranged meeting with the French president.

Greek elections are set for June 17th following the impasse of the last election where no majority government formed. The "Destroy Greece to Save the Euro" clowns led by German Chancellor Angela Merkel are out in force hoping to turn the vote into a direct referendum on the Euro. The election is of course a direct referendum on the Euro, but Greek citizens are under three Fantasyland ideas. Three Fantasyland Ideas

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

The preponderance of recent Greek polls show a tight election. However, the latest Public Issue Survey stands out, and I happen to think that is the most accurate one. Please consider Going into final stretch, SYRIZA builds poll lead In the last opinion poll to be published by Kathimerini before the June 17 elections, leftist SYRIZA maintains a clear lead over New Democracy, although short of enough support for a clear parliamentary majority.

Inquiring minds scoff at the preposterous Financial Times headline a ‘Glimmer of hope’ for Greek coalition A coalition that last until 2014 before new elections will be nothing more than years more of useless torture. Here are a few snips from the Financial Times.