Major event risk: Local election in Greece this coming Sunday...

The Greek government has made this Sundays local election an issue of:  pro or con the EU plan - it's very likely PASOK - the ruling party will loose big - and then the Premierminister will can a general election stirring the whole IMF/EU plan back-up again.

 

Also note the package and "terrror threath" in Greece seems related to the extreme left-wing domestically - (hence: the package to Merkel)...... playing a role........something to watch a few links:

 

http://www.guardian.co.uk/business/2010/oct/27/greek-bonds-hit-by-election-jitters

 

http://www.athensnews.gr/category/8    Excellent english newssite on Greece