Pro-austerity blow in Greek vote, neo-Nazis gain seats

[Starry Messenger]

2. The ruling classes are indignant at the foolishness of the proles:

http://www.bloomberg.com/news/2012-05-06/greek-exit-poll-casts-doubt-on-new-democracy-pasok-majority.html

“Greece needed this election like it needed a hole in the head,” Nicholas Spiro, managing director of Spiro Sovereign Strategy in London, said in an e-mailed note. “The exit polls confirm what has been patently clear for some time: there’s no political consensus for the kind of reforms that Greece must implement if it wants to remain in the euro zone.”

The results, if confirmed, may mean that New Democracy and Pasok won’t have enough support for a majority of at least 151 seats in the 300-seat parliament. Pasok won general elections in 2009 with 43.9 percent of the vote and New Democracy came second with 33.5 percent. This is Greece’s first national election since it helped trigger the European debt crisis, receiving two bailouts with pledges worth 240 billion euros ($314 billion) in return for pension and wage cuts and higher taxes.

Greece must continue spending cuts to keep disbursements flowing. Failure to do that may determine whether the country has a future in the euro area.

Too bad you can't eat euros.