The parliamentary vote on Greece’s austerity plan during Wednesday will be key set-piece event and will certainly have a very important market impact both for the short and medium term. The most likely outcome is that the Euro-zone has bought some time, but at a very high cost and that fear will quickly resume its dominance given that the medium-term debt outlook remains unsustainable. It could even unravel within 24 hours as further votes will be needed on Thursday. The immediate impact of a no vote looks easier to predict. Currency markets will be flung into a frenzy if the governments austerity package is rejected ... (full story)