And that’s what has the market’s worried.
The most likely outcome in Greece seems to be a weak coalition, unable to ram through tough reforms, resulting in fiscal backsliding and a further string of missed targets.
Combine that with a potential rift between France and Germany at the core of Europe when Sarkozy is swept out, plus the on-going Spanish post-bubble clean-up and you have the makings of disaster in the weeks to come.
