Watch Greece and the Euro

Anti austerity party Syrisa won the Greek election yesterday.  Greece has been running on bailouts from the EU, mostly Germany, and those bailouts required Greece to shape up it's financial scene.  Syrisa campaigned and won on a platform of dumping the shape up moves.  If they do that, the EU is likely to stop the bailout.  In that case, nobody else, not every brain dead sucker banks, will lend to Greece.  Which means the Greeks will be unable to keep paying on their massive debts, and will be unable to meet payroll at home.  This ought to insure a lively time in the old town tonight, or tomorrow night as well.  The Greeks may decide to drop out of the Euro, and print enough Drachmas to meet expenses.  They may not, because every Greek holding euro's will take a very close haircut if that happens.
  For extra fun, watch the EU get all twisted out of shape.  They shouldn't, Greece is petty cash compared to the EU GNP, but listening to Europeans talk, you would think that Grexit is the end of the euro itself.