So it looks like the Greeks are about to put into office…

…the hard Left party* who promised to renegotiate Greece’s extremely unpopular bailout. Private scuttlebutt among those of my peers who follow European news more closely than I do is divided over whether the Germans EU will sign off on that, but don’t be surprised if they at least try. The alternative is… well, the alternatives to austerity are as follows:

  • A bailout.
  • Removing Greece from the EU.
  • Placing Greece under direct political and economic control of Brussels.

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