Greeks maul pro-bailout parties: exit polls

[fujiyama]

17. I think you got it

People don't like the status quo...Big surprise. This is an example of a fitful burst of anger. That's why you see up to 8% of the vote going for freakin' neo Nazis. I see no clear winner in this clusterfuck. I think we'll see more chaos in Greece and Germany may well say they're tired of dealing with them and just cut their losses.

Greece is fucked either way. They can comprise with the bailout deals and suffer through crippling austerity for years, which won't necessarily grow their economy or improve the lives of their people... or they can default, exit the Euro, and basically be locked out for decades from borrowing from international markets. This means very limited access to international markets and considerable economic isolation. Either way they'll be suffering. But if they exit, they can at least control their own currency. The EU has been incredibly stupid the last few years in working out unworkable bailout packages the last several years. They should have been working on credible and orderly exit plans for Greece from the Euro...

Greece will inevitably default. And Spain and Italy are in deep shit too. I don't see a good outcome.