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Tuesday, May 15, 2012

Wonder why the EURUSD is suddenly sliding? Here's why Here Come The Greek (Re)Elections:


Here Come The Greek (Re)Elections

Tyler Durden's picture




Update: confirming what we already know:
  • GREEK PRESIDENCY SPOKESMAN SAYS NO DEAL ON GOVERNMENT, GOING TO ELECTIONS
  • GREEK CARETAKER GOVERNMENT WILL BE APPOINTED TOMORROW
Wonder why the EURUSD is suddenly sliding? Here's why:
  • GREEK ANTI-BAILOUT CONSERVATIVE KAMMENOS SAYS THERE IS NO DEAL ON GOVERNMENT -BBG
  • KAMMENOS SAYS "THEY PREFER CREDITORS TO NATIONAL SOLUTION"
  • KAMMENOS SAYS NEW ELECTIONS WILL BE HELD
Which means Syriza will win the June re-elections, likely with a strong majority, and what happens then is anyone's guess.

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