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Hasn’t helped us

Posted by ipso facto @ 9:13 on January 26, 2015  

Syriza Forms Coalition Government With Anti-Bailout Independent Greeks: What Happens Next

Tyler Durden’s pictureSubmitted by Tyler Durden on 01/26/2015 06:49 -0500

There was some excitement in the capital markets overnight, when what was initially seen as an outright victory for Syriza, giving it an absolute, 151-seat majority in parliament – a fear that briefly pushed the EURUSD under 1.11 when the Euro PPT stepped in – ended up being a placing just shy of a majority with 149 seats. However, that same excitement fizzled several hours ago when the “radical left” party agreed to form a government with the “rightwing” group of the Independent Greeks in the aftermath of Syriza’s historic win which harnessed the public backlash against years of belt-tightening, job losses and hardship.

As the FT reports, Panos Kammenos, leader of the fiercely anti-bailout Independent Greeks, said as he left Syriza’s headquarters after a meeting with Alexis Tsipras, the prime minister-elect: “The country has a government. Independent Greeks will give a vote of confidence to Alexis Tsipras.” The deal would give Syriza a comfortable working majority in parliament but Mr Tsipras has yet to confirm anything as he continued coalition negotiations with other parties.

So in a parliament in which the nationalist Golden Dawn placed third, the new leadership will be comprised of a far left and a far right group, both united by the hatred of European bailouts and the stifling Greek economy, both of which they are eager to blame on Germany and the Troika.

more http://www.zerohedge.com/news/2015-01-26/syriza-forms-coalition-government-anti-bailout-independent-greeks-what-happens-next

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