Greece Forming a Government

Sometimes a blogger tries to drive his readership to a specific website and sometimes a blogger just gives the whole thing up in the post.  This is one of the latter.  Night Watch talks about the situation in Greece.

Greece:  Leftist leader Alexis Tsipras gave up his attempt to form a new government on Wednesday, pushing Greece closer to its second election.  The Panhellenic Socialist Movement (PASOK) party refused to join a coalition led by the Coalition of the Radical Left, which rejects the country's International Monetary Fund-EU bailout, PASOK leader Evangelos Venizelos said on 9 May.

The board of the European Financial Stability Facility agreed on Wednesday to make a payment of 5.2 billion euros in emergency aid to Greece, overcoming opposition from some eurozone member states.

Comment:  The failure of the leftists means that Greece must hold another election in 30 days.

Greece is not doing well.  It would not be good if Greece dropped out of the EU or even just the Euro.  Things could unravel, internally or externally or both.

Regards  —  Cliff