Mon Dec 29th, 2014 at 06:15:18 AM EST
I have not much to say here. But just now the election of the new president of Greece in the Greek parliament failed for the third time. This means there will be a snap election.
Greek lawmakers failed to elect a new president in a final round of voting on Monday, leaving the country facing an early election that could derail the international bailout program it needs to keep paying its bills.
Can Syzra win? Should it win?
I do not want to bore people again with stuff about the ECB, but I found this quite weird (from an article in the Telegraph from shortly before the vote in the parliament)
Gikas Hardouvelis, the Greek finance minister, warned on Sunday that the election of an anti-austerity party could lead to punitive European Central Bank economic sanctions against Greece.
"The ECB holds the key," he told Greece's To Vima newspaper. "This key can easily and abruptly turn off bank funding and strangle the Greek economy in a split second."
Has it come to this? It is basically matter of fact that the ECB can impose its political will?