Unelected EU Commission gives Greece ultimatum on new government.

Sky News carries the above report this lunchtime, as the main news item on its midday bulletin! Apparently the "Officials" have decided that Greece will lose its latest €130 billion bail out if they have not apponted a new government by this evening!

Meantime markets in Milan and pre-markets in New York are reported to both rally on reports/rumours that Berlusconi is to step down. As Old Holborn tweeted :

If the EU is installing new Prime Ministers all over Europe today, could I have Malta? Thanks

What a strange pass we have come to when toppling democratically elected administrations is met with market exuberance.