Greece May Fall Into "Chaos" As Elections Leave Uncertainty

Hedge funds and investment bankers across Europe just woke up to a nightmare. Democracy might actually break out in Greece -- and as a result bond investors may share in the pain with austerity stricken Greek residents.

Greece's Prime Minister Samaras has lost a vote

According to a Bloomberg report, Greece's Prime Minister Samaras has lost a vote in the Greek parliament that would have installed his candidate, Stavros Dimas, as president. Dimas needed at least 200 of the 300 votes in parliament, but he fell short. The vote, according to early press reports, was 160 For, 135 Against, and 5 Abstain. Press reports say that as a result of failing to reach consensus, Parliament will dissolve and snap...