Greek election plot thickens as PASOK not willing to form government without Syriza

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FXstreet.com (Barcelona) - Just when media outlets were starting to speculate on a possible pro-bailout coalition government outcome after the final results of exit polls, it looks like thing may start to turn ugly after this incendiary tweet from EU correspondent for Kathimerini Greek Daily, Mr. Kostas Karkagiannis, who said "Pasok won't participate in a coalition government without syriza. Good night and good luck."

Further reports have come out that PASOK may not be up to form the pro-bailout coalition government unless the leftists of SYRIZA jumps also on board. While this is very disturbing and shows it will be a long night, it is the tricks of politics.

The reasoning for such moves from PASOK? SYRIZA has been saying the result is good enough despite they lost. The conventional wisdom is that in less than 1 year, Alexis Tsipras would come back in new elections, defeating with ease the establishment parties as the rationale behind is that more bailouts will make no difference for the welfare of the Greek state.

According to Joe Weisenthal from Business Insider: "Now PASOK is threatening to take that move off the table, and force SYRIZA to be responsible for the collapse of the government, or at least take away the option of sitting back as the opposition, and letting PASOK and New Democracy failed. It's a dramatic gambit that threatens more chaos, and perhaps another election."



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