from Zero Hedge:
New Democracy. Syriza. Doesn’t matter. According to Citi’s senior political analyst Tina Fordham, chief economist Willem Buiter, and global economist Ebrahim Rahbari, “any new Greek government, regardless of its composition, will struggle with implementation challenges related to the imposition of further austerity measures demanded by the Troika in exchange for further assistance,” and as a result, they “consider it likely that a new troika deal would ultimately fall apart and lead to Grexit.”
Citi notes that there is growing sense among European leaders that “promotion of economic growth can no longer be subordinated completely, even in fiscally unsustainable euro area member states, to the requirements of fiscal austerity,” but no one has any idea what that means.
This seems to be the current thinking, according to Citi:
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