Em….fate ta.

24 Jun

Greek Voting Past, Europe Returns to Fiscal Rescue,NY Times:

(Yuri Cortez/Agence France-Presse — Getty Images)
 

“But even though Brussels had been hoping for the victory by Antonis Samaras and his center-right New Democracy Party, the yearned-for result, paradoxically, may weaken Europe’s determination to take more radical steps to avert a meltdown.

German hard-liners were emboldened by the victory, viewing it as an endorsement of the drive for structural adjustment in Greece and elsewhere in Southern Europe through further austerity. As a result, the vote may delay concerted pro-growth steps by central banks and governments around the world, as well as the hard choices within Europe over deeper integration that are likely to prove necessary in the long run.”

And, forgive the black humour, but this is what you get for voting for the same old farts that caused the problem to begin with: Greece’s New Leaders to Miss Crucial Meeting:”

Both Antonis Samaras, left, the newly installed prime minister, and Vassilis Rapanos, his finance minister, have been hospitalized since Friday.  The two men attended a cabinet meeting on Thursday. (Yorgos Karahalis/Reuters)

 

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