There will be no end to the propaganda this weekend

"THE Greek stockmarket leapt by a staggering 10.1 per cent yesterday after rumours that secret opinion polls had indicated tomorrow's election would produce a new government determined to stay in the eurozone."

This article from the Murdoch-owned The Australian would be typical of the view of the elite.

-- Last chance for the European elite and bankers you mean? There will be no end to the propaganda this weekend! -- RW

Greece's last-chance election

THE Greek stockmarket leapt by a staggering 10.1 per cent yesterday after rumours that secret opinion polls had indicated tomorrow's election would produce a new government determined to stay in the eurozone.

the Australian,

15 June 2012

Investors grasped the poll rumour with relief, lifting the share price of the National Bank of Greece by 26 per cent in a single trading session as policymakers around the world waited nervously to see the fate of the 17-nation eurozone.

Greek law forbids publication of opinion polls in the final two weeks of an election campaign, and the last round of media polls had suggested a tight race to determine Greece's future in the eurozone.

The anti-austerity firebrand Alexis Tsipras dismissed the share rally as wishful thinking and European finance ministers were believed to be on call for an emergency meeting tomorrow night in case quick defensive action was needed to shore up vulnerable euro members such as Spain..

Mr Tsipras told the last campaign rally for his radical left-wing party Syriza, in Athens, its commitment to renege on Greece's austerity agreement with the IMF and EU would carry it to victory.

"The die has been cast," the 37-year-old told a jubilant rally awash with hammer-and-sickle flags. "On Sunday, we turn the page. On Sunday, Greece will change."

A previously minor coalition of 12 small radical groups, Syriza is committed to pulling Greece out of NATO and disbanding the country's riot police, but it is its hostility to the €240 billion ($303bn) austerity package that has grabbed the world's attention.

Mr Tsipras repeated his claim that German Chancellor Angela Merkel and other European leaders would not dare to retaliate against a breach of the deal by kicking Greece out of the eurozone, a claim dismissed by his conservative rivals as "gambling with Greece's future".

Slovakian Prime Minister Robert Fico told his parliament Mrs Merkel would not need to retaliate because his government was willing to act if a new government in Athens broke the promises of the previous administration.

"If the Greeks do not meet the commitments they have made, do not meet their financial commitments, do not repay loans, Slovakia will demand that Greece leaves the eurozone," Mr Fico said.

The conflict over Greece's austerity commitments left European bankers going into the weekend not knowing whether the election result would spark a run on Greek bank accounts by people afraid that a return to the drachma would slash the value of their savings.

There are signs of potential contagion, with Spanish 10-year bond yields reaching 7 per cent for the first time in the euro era, a level widely seen as unsustainable.

While US President Barack Obama and other world leaders have warned that Greece's actions could have worldwide impacts, and the high stakes for Greece were underlined by new data showing that its jobless rate rose to 22.6 per cent in the first quarter of the year, reaching 52.7 per cent for those under 25 and a brutal 60.4 per cent for young women.

Mr Tsipras blamed the recession, now in its fifth year, on the long-time ruling parties Pasok and New Democracy, the "two parties of bankruptcy". He accused them of "looting Greece" and "lowering the Greek flag and giving it as a trophy to Angela Merkel".

Mr Tsipras has given mixed signals throughout his campaign by insisting he could keep Greece in the eurozone, a popular move with voters, despite his pledge to break the bailout deals that have let the Greek government stay afloat.

A senior member of his party told The Weekend Australian "there is no need to worry about Germany retaliating because we will have to form a coalition, so we won't be able to implement our own agenda".

The election outcome is likely to depend on delicate coalition talks, and centre-right frontrunner Antonis Samaras has made the most progress on that front.

In a potentially decisive shift, the Democratic Left, a one-time breakaway from Mr Tsipras's party, has refused to support any quick unilateral move to ditch the austerity agreements.

In an inconclusive round of elections on May 6, the Democratic Left had the numbers to form a coalition government with New Democracy and Pasok, but baulked because of its own opposition to the austerity agreements.

That opposition has softened, as Democratic Left now says it will agitate for only a gradual withdrawal from the commitments.

Mr Tsipras has been left with few potential allies, as the anti-austerity camp includes hardline communist and neo-Nazi parties, and they have ruled out joining any coalition.