With the Greek political landscape still uncertain and fragmented following the election, investors in equity markets have decided to run for the door in case Greece is suddenly expelled from the Eurozone, or leaves voluntarily, when someone is finally confirmed as leader and leader of what exactly? A coalition of kicking and screaming parties that do not share the same views but need each other at a particular moment in time, seems most likely.

Most senior bourses are down 2%, with Banks hit hard once again, French financial institutions more than most, being seen as having more exposure to Greece, where they have already been forced to absorb huge losses and Spain, where they have not as yet.

If the surgery was not that disruptive, which it almost certainly won't be, I imagine most european leaders would go for a Greek amputation, even if they wouldn't admit to it, something unthinkable a year ago but the country is a black hole as far as bailout money is concerned and with zero appetite for any austerity measures and now in further political turmoil, the way forward for Greece seems bleak in or out of the EU, though their presence in it taints all members.