FEAR THE GREXIT: “We’re three weeks away from the Greek general election, which the left-wing Syriza party, which wants an end to Greece’s punishing austerity regime, seems likely to win. The problem is that the austerity regime is the condition for continued assistance from the euro zone. If Syriza does indeed win and tries to make good on its promises, Greece could be forced to exit the euro.”

One of my Levantine acquaintances thinks this unlikely, as Greece is getting ready to contest with Turkey for gas deposits around Cyprus and will need allies. We’ll see. Plus this: “Financial crises take longer than you think.”