A Syriza official tells Bloomberg that it can’t cooperate with PASOK or New Democracy and will hand hand over its mandate to form a government tomorrow.
Even if a government is somehow cobbled together, it will quickly fall apart. I would say estimate the market is pricing in a greater than 95% chance of another election.
Samaras said he’s open to renegotiating the bailout terms but that may be impossible. The ECB’s Asmussen told the German press today that “Greece has to be aware that there is no alternative to the agreed consolidation program if it wants to remain a member of the euro zone.”
