New York Times
May 8, 2012
The Greeks appear to have come up with an interesting way to deal with the fact that any Greek government will face intense pressure from Germany and some other European countries to accept more and more austerity that will be rejected by most Greeks.
Don’t have a government.
The elections held Sunday seem likely to result in an impasse over the formation of a government. The two traditional parties got fewer than a third of the votes between them, which may seem fitting considering that they got Greece into the mess. Nearly all the rest went to parties that oppose the austerity deal but also despise each other.
If no coalition government can be formed, a caretaker administration would be formed — with no mandate to do anything — and new elections called. Would Europe pull the plug on such government? If not, the stalemate could go on for a while, with no assurance that a second or third Greek election would settle anything.
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