Grexit looms

Election results in Greece don’t bode well for the Eurocrats:

Catastrophe’ warning as anti-austerity party looks set to win Greek election with up to 38 per cent of the vote. Exit poll shows 36 to 38 per cent for anti-austerity party Syriza. Ruling New Democracy party predicted to receive 26 to 28 per cent. Syriza set to win 148 to 154 seats – and it needs 151 to rule outright. In third place is ultra right-wing party Golden Dawn on up to 7 per cent.

Not a bad result for Golden Dawn considering that their leadership is in jail on what look like suspiciously trumped up charges.