Survival of the weakest?

The result of the confidence vote in the early hours of Saturday came without doubt as a huge relief to many inside Greece and to most, among those affected by the Greek crisis, outside Greece. A ‘no’ vote would have gotten the country into an introvert cycle of political bargaining among unlikely partners-to-be, leading in all likelihood to an early election. [I wonder, are we not there anyway?] The result would be new political uncertainties (and instability) which would bring simple policy implementation and the wider reform process to a grinding halt – and, with it, to a collapse in revenue collection and to more political turmoil on the streets.