What Happens If Greece Doesn’t Get a Bailout?

Once again things are out of control in Greece. A general strike is underway, and schools, hospitals, and transit are affected. Firebombs and teargas have hit Athens as Greek citizens are protest the latest round of austerity measures.

BRUSSELS (Reuters) - Euro

Greece's socialist government rushed on Monday to push through parliament a fresh round of spending cuts in the face of public anger at the price to pay for the 110-billion-euro international bailout.Greek Prime Minister George Papandreou has insisted the austerity package was essential to secure the joint eurozone-International Monetary Fund rescue package.But Greek unions have vowed to battle the drastic round of austerity measures, worth some 30 billion euros (40 billion dollars) that include deep cuts to wages and pensions.

A half-baked editorial on Bloomberg, full of one-sided distortion, warns Greek Voters Need to Look Beyond Syriza’s Dangerous Lies.

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