New Democracy may have won the election in Greece, but stability in the country is not going to be achieved easily. Austerity is the only solution.
Despite short-term relief about the pro-bailout New Democracy (ND) party win in Greece, it's not a decisive victory for the euro.
The EU is a crucial moment. It needs to bailout Greek, Spanish and Italian banks with German financial support.
Whether Syriza or New Democracy win, expect markets to react quickly.
“It is time for a Greek payback,” proclaimed Ms. Lagarde, the Managing Director of the IMF last week in her interview for the Guardian. This diplomatic gaff caused a chain-reaction in Europe.
A euro on two gears can save the unity of the euro zone and prepare the ground for tangible recovery in Europe.
Greece has devolved into political turmoil since parliamentary elections on May 6. Officials say it is almost "100% certain" that Greece will have to hold new elections.
Over 60% of Greek voters said no to austerity measures by the EU and the IMF in the last elections. What does that mean?