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

Here Come The Greek (Re)Elections

Submitted by Tyler Durden on 05/15/2012 09:00 -0400

• Creditors

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.