John Ward – Greece : Jubilation Is Premature… Nobody Has Factored In The Reality Of The Morning After – Pasok Still Wants Syriza in Coalition, Or No Deal – 18 June 2012

“Yo! we goin’ ter Hell in a bucket guys!”

Yesterday I posted to advise folks to ignore the Greek election, and focus instead on the imminence of Greek default. I have more for you on this story already.

Lucas – Do You Really Believe This – Greece Has Voted For A Bailout And Staying In The Eurozone – 17 June 2012

Greece poll: Pro-bailout party’s narrow win hailed = BBC News Headline

The narrow election victory of Greece’s pro-bailout New Democracy party has been welcomed by world leaders, who urged Athens to quickly form a cabinet.

Mish/ Mike Shedlock – New Democracy Wins But May Be Unable To Form Coalition; Syriza Has Coalition Chances If New Democracy Fails – 17 June 2012

In the last 15 minutes I have changed this blog headline a few times from various forms of likely winner for New Democracy to “winner”.

The key news now is that it still depends on Pasok , which has stated unwillingness to enter into a coalition with New Democracy and refused to do so in the last election. The difference this time is that Syriza has a strong chance of forming a coalition if New Democracy fails.

Mish/ Mike Shedlock – Greek Rail Against “Crude” German Editorial; Merkel Ally Tells Greece “Vote Right Or Euro’s Gone”; Initial Estimate 2:3 ET Sunday – 16 June 2012

In the past week, as I expected, the ECB, Troika, German officials and others have all warned Greeks to not vote for Alexis Tsipras and his radical-left party Syriza. Will those tactics backfire?

I suggest they already have. The pertinent question is whether they have backfired enough to matter.