This means an attempt to put together a new coalition or, failing that, early elections. That might take several months.
Some will undoubtedly argue that as part of a new government they should go back to the EU and renegotiate the package. Expect a lot of pushback. There is a G20 meeting later this week. Dow Jones is already citing a source saying that the G20 group will tell Greeks there is no alternative to the rescue package.
Would a Greek election with new leaders be good or bad news for the markets? New leadership may be needed, but in the short run it's a clear negative: investors want even higher risk premiums for euro-zone assets.
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