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GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!

 
Luisport

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05/07/2012 07:48 AM

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GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
GREECE: This Is What Happens Next! From SocGen's Michala Marcussen, a very good summation of what happened in the election today, and what happens now.

As we head to press, the results of the Greek election point to a fragmented outcome. With over 40% of the nationwide vote counted, the Conservative New Democracy come in top place with just over 20% of the vote, yielding a predicted 112 of 300 seats in Parliament. Pasok ranks in third with a predicted 43 seats.

The other five parties predicted to win seats in Parliament oppose the EU/IMF austerity program to varying degrees. Top of the list is the radical left Syriza, in second with a predicted 49 seats, followed by the Independents (right-wing) with 32 seats, Communists with 25 seats, far-right Golden Dawn with 21 seats and Democratic Left with 18 seats. A number of smaller parties are not at this point above the 3% limit.

With this outcome, New Democracy will be given the first shot at forming a government; if they fail the opportunity will be passed to Syriza, and so on. If no one succeeds, new elections will then be held. Failure to secure a political majority to meet the terms of the second Greek programme could see the country inch towards euro exit. This would in our opinion be seen as a negative event, even beyond Greece’s borders.

It sounds like the jockeying over the next few days will be even more suspenseful than the vote itself.


Read more: [link to www.businessinsider.com]

Last Edited by Luisport on 05/07/2012 01:25 PM
Luisport (OP)

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05/07/2012 07:49 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
Athens News‏@AthensNewsEU

Democratic Left refuses to participate in a Pasok/ND government; Ind Greeks refuses to meet Samaras. Seems a coalition cannot be mustered
Luisport (OP)

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05/07/2012 07:51 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
zerohedge‏@zerohedge

Citi: "Greek results increase risk of the country leaving euro within the next year to 18 months to between 50 percent and 75 percent"
Luisport (OP)

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05/07/2012 07:54 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
Athens News‏@AthensNewsEU

Democratic Left refuses to participate in a Pasok/ND government; Ind Greeks refuses to meet Samaras. Seems a coalition cannot be mustered
 Quoting: Luisport


banana2banana2banana2
Luisport (OP)

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05/07/2012 07:55 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
zerohedge‏@zerohedge

Looks like next earliest Greek re-election date is June 10. And so on afterwards,
abduct
Anonymous Coward
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05/07/2012 07:56 AM
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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
interesting ....
Luisport (OP)

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05/07/2012 08:01 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
Diane Shugart‏@dianalizia

samaras at president's office for 3pm mtg with papoulias; nd leader to meet tsipras, venizelos, kouvelis at 4pm, 5pm, 6pm; kammenos declined
Anonymous Coward
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05/07/2012 08:03 AM
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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
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Anonymous Coward
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05/07/2012 08:05 AM
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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
Greece is finished

Thank god, get those shitstains out of the Euro
Luisport (OP)

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05/07/2012 08:09 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
Status Quo Catastrophe Is Served [link to www.zerohedge.com]
Gregor Samsa

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05/07/2012 08:24 AM
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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
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ReVbo™

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05/07/2012 08:35 AM
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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
bump
 Quoting: Swinburnian

Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Foveras

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05/07/2012 08:38 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
Everybody is talking about the probability of new elections within June. Thinks here are fragile. Everybody talks about France elections but the real think is here.
Love responsibility,
keep saying, I alone
will save the world
If it gets lost, myself only is responsible

N.Kazantzakis
Anonymous Coward
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05/07/2012 08:42 AM
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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
Can the left not form an alliance now? Agree to stop austerity and force Germanys hand, this whole fiasco needs an end game, maybe this is it
Anonymous Coward
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05/07/2012 08:56 AM
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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
Greece will leave the Eurozone soon...
Anonymous Coward
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05/07/2012 09:01 AM
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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
Everybody is talking about the probability of new elections within June. Thinks here are fragile. Everybody talks about France elections but the real think is here.
 Quoting: Foveras


You need to realize how much power you have. They can never let Greece go down. If you play your hand right Germany will probably pay for your debt.
Anonymous Coward
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05/07/2012 09:24 AM
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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
Everybody is talking about the probability of new elections within June. Thinks here are fragile. Everybody talks about France elections but the real think is here.
 Quoting: Foveras


You need to realize how much power you have. They can never let Greece go down. If you play your hand right Germany will probably pay for your debt.
 Quoting: Anonymous Coward 12791372


Their debt is unpayable, the world debt is unpayable as well. Wake up.
Luisport (OP)

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05/07/2012 09:25 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
bump
Luisport (OP)

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05/07/2012 09:27 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
zerohedge‏@zerohedge

When do we get the first false rumor that a Greek pro-bailout coalition government was formed sending EURUSD up 100 pips?
Luisport (OP)

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05/07/2012 09:28 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
Diane Shugart‏@dianalizia

tsipras-samaras meeting over; syriza leader told reporters he would make statement from party HQ in a few minutes

17 min Diane Shugart‏@dianalizia

@Politicman political ambition makes for strange bedfellows; but both want to be 'PM' and new elections wd seem to be in syriza's interests
ReVbo™

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05/07/2012 09:29 AM
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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
zerohedge‏@zerohedge

When do we get the first false rumor that a Greek pro-bailout coalition government was formed sending EURUSD up 100 pips?
 Quoting: Luisport


Probably already happened. Euro markets don't seem too concerned so far.

[link to www.bloomberg.com]

Europe, Middle East & Africa



Index Name

Value

Change

% Change

Time




EURO STOXX 50 Price EUR

2,255.45

+7.11

+0.32%

09:09:30



FTSE 100 Index

5,655.06

-111.49

-1.93%

05/04/2012



CAC 40 Index

3,174.37

+12.40

+0.39%

09:09:45



Deutsche Borse AG German Stock Index DAX

6,529.18

-32.29

-0.49%

09:09:16



IBEX 35 Index

6,958.30

+82.30

+1.20%

09:09:14



FTSE MIB Index

14,085.91

+167.34

+1.20%

09:09:47



AEX-Index

301.85

+0.90

+0.30%

09:09:45



OMX Stockholm 30 Index

1,024.85

-7.10

-0.69%

09:09:11



Swiss Market Index

6,022.74

-34.05

-0.56%

09:09:26
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Limpan

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05/07/2012 09:29 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
Tick tock!! Doominos are starting to fall. Not long before the banks are panicing !!! Don't we love the outcome of the two elections yesterday.
hf
Anonymous Coward
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05/07/2012 09:31 AM
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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
Doominos are starting to fall.
 Quoting: Limpan


I dont see it. Hollande is an insider who is no threat to the system. He will continue in Sarkozys footstep with a little change here and there. Greece is a mess, but nothing that cant be handled.
Limpan

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05/07/2012 09:34 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
Doominos are starting to fall.
 Quoting: Limpan


I dont see it. Hollande is an insider who is no threat to the system. He will continue in Sarkozys footstep with a little change here and there. Greece is a mess, but nothing that cant be handled.
 Quoting: Anonymous Coward 12791372


Only time will tell. But I beat the euro is gone within two years!!
Luisport (OP)

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05/07/2012 09:35 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
hiding
Luisport (OP)

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05/07/2012 09:39 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
Doominos are starting to fall.
 Quoting: Limpan


I dont see it. Hollande is an insider who is no threat to the system. He will continue in Sarkozys footstep with a little change here and there. Greece is a mess, but nothing that cant be handled.
 Quoting: Anonymous Coward 12791372


Only time will tell. But I beat the euro is gone within two years!!
 Quoting: Limpan


The major domino piece to fall is greece ... it seams that the left radical partie don't want to enter in a gov coalition. If that happen, no gov is possible!
Luisport (OP)

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05/07/2012 09:40 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
zerohedge‏@zerohedge

Greece Euro Exit ‘Firmly on the Cards,’ - Fidelity

3 min zerohedge‏@zerohedge

Greece: Next Steps [link to www.zerohedge.com]
Luisport (OP)

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05/07/2012 09:45 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
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Anonymous Coward
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05/07/2012 09:45 AM
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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
We will die soon!!! *** We will die soon!!! *** We will die soon!!! *** We will die soon!!! *** We will die soon!!! *** We will die soon!!! *** We will die soon!!! *** We will die soon!!! *** We will die soon!!! *** We will die soon!!! *** We will die soon!!! *** We will die soon!!! *** We will die soon!!! ***
Luisport (OP)

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05/07/2012 09:46 AM

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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
PIN THANK'S!!!hf
Anonymous Coward
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05/07/2012 09:48 AM
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Re: GREECE - NO AGREEMENT TO FORM A NEW GOVERNMENT!!! SAMARAS SAYS UNABLE TO FORM GOVERNMENT, HANDING MANDATE BACK TO PRESIDENT!!!
If anyone thought Greece was heading in the right direction after the debt upgrade by S&P ...they were dead wrong.

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