First Official Greek Exit Polls: Pro-Bailout Parties Plunge; Anti-Bailout Radical Left, Neo-Nazis Soar

As we expected, the previous unofficial poll forecasts were total rubbish, and according to exit polls from NET TV, the results are as follows:

• New Democracy: 17-20%
• Pasok: 14-17%
• In a stunner, Syrizia, or the coalition of the radical left - a vehement anti-Bailout party - gets more votes than the ruling PASOK party: 15.5%-18.5%
• Independent Greeks: 10-12%
• Finally, and not surprisingly in the aftermath of the French results, the ultra right Golden Dawn gets 6-8%of the vote and will make it into Parliament

Needless to say these result are very ugly and make any prospect of a pro-bailout coalition cabinet virtually impossible. Suddenly the fate of the European experiment is in the hands of the ultra right and the far left - yup, Neo-Nazis will determine the future of Europe. How quaint... again - congratulations Europe.

For much more on the implications of this stunning success of the anti-bailout powers, see here and here.

And just to confirm that the world is losing it, in the Schleswig-Holstein election, according to ARD, after the CDU (with 30.5%), SPD with 29.5%, Green Party with 14%, and FDP with 8.5%, we get... the Pirate Party 8%.

So Neo-Nazis in Greece, Pirates in Germany: the world has officially lost it.