(CNN) - Now that the Greek people have voted and a government will be formed, we need to think about where this crisis will go.
The new Greek government will invariably go to Brussels and ask for some relief; breathing space is the phrase that will be used.
The Europeans will almost certainly grant it - to not do so would be cruel, especially bearing in mind the terrible suffering of people in Greece at the moment.
But outside of Greece what happens now? Like a balloon that is squeezed, the European crises merely bulge out somewhere else - and that is what is happening now. FULL POST
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