The fragile coalition government in Greece was all but certain to fall apart within a year. Developments today indicate that this arrangement has terminally fractured and fresh elections are now all but certain before the year is out.
Greek Ruling Coalition Collapses Days Ahead Of Critical Vote | ZeroHedgeWhat the news really is, is that with Greece poised to vote on critical labor reforms (read more layoffs) next week, which must be passed in Parliament with a majority vote in order to get the next Troika bailout tranche, the Samaras-led coalition just lost one of its three members, after the Democratic Left announced it would take its 16 votes and vote against any further austerity. In doing so it has effectively joined Syriza and any other anti-bailout powers, and has made certain that yet another Greek election is imminent, one which will finally see the rise of the "anti-memorandum" forces on top, and finally launch the 3 year overdue departure of the Greek ferryboat from the monetary landmass, with even more dire consequences for the USS EURtanic.
This raises the issue of the timeline of the inevitable Greek exit of the Eurozone and with this uncertainty now raised, the probability of a Grexit within the next 3 months has substantially increased.