First hurdle completed. Now the market waits for the next Greek obstacle-the Greek government parliamentary vote on crucial austerity measures next week. The Socialists need to ‘ram’ through some Eur28b worth of stringent measures before receiving a Eur12b lifeline from the EU. The peoples reaction, Greek citizens are emptying saving accounts and buying gold as they brace themselves for a sovereign default and a run on the banks. The populous continue to discount the Socialist party pledge of ‘save the country’. As longs as the Capital markets believe that Greece will pull through, the EUR will not plummet. If the ... (full story)