For some reason the current Greek government under Mr Samaros decided to bring forward the presidential election to later this month. The Presidency is a largely ceremonial role but if Samaros cannot get enough votes for his candidate Stavros Dimas, a general election will follow. It seems likely, fingers crossed for the Euro, that Mr Dimas will win the vote. However the uncertainty ( and investors hate surprises unless they pop , buck naked , out of cakes ) has roiled the Euro .
In case there is general election ,polls suggest that Alexis Tsipras, the populist party leader would win. Although he professes to he would like to remain in the Eurozone , Tsipras is making promises on public spending and austerity measures that would make it hard for him to keep his aims intact.
The potential and political fall out from the GFC in 2007, made any alternatives to the Euro "scary biscuits"and most preferred to stick with austerity rather than risking meeting the devil they didn't know. Now that the world has not ended and the affected economies appear to be stable, although painfully slow and sluggish, the political risks seem less perilous. The inertia of Europe, economically, is a problem that is current and perhaps more urgent.
There are disgruntled murmurings within EU ranks over still current austerity measures and apart from the discontent within the PIGS (Portugal,Italy,Greece and Spain) there are also signs of ferment in France and Germany while the Anglo Saxon Press take pot shots at the "smudgy amalgam of European Politics" to quote Churchill.
It would seem that the nightmarish thrills that turn on business tycoons before they go to sleep is still around but being optimistic, the jitters
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