The Confidence Fairy Takes Flight!

Apparently the confidence fairy is not all that confident that the Greek elections on Sunday will prevent the Eurozone from plunging further into uncharted chaos.

Spanish 10-year bonds have risen rapidly to new highs.  Explain to me again how pursuing austerity in the Eurozone is going to bring the Confidence Fairy home to roost?  So far, I'm not seeing it.

Paul Mason, the BBC's economics editor opined

Many political commentators here (in Athens), and much of the wisdom in taxis and coffee bars, says we get an ND-led coalition tonight, which collapses six months later, and is replaced by a strengthened Syriza, which leads to the final showdown.