"The best outcome you can get at this point is an unstable government"

“Country in Limbo” said a headline in the Imerisia newspaper. “Nightmare of Ungovernability” said Ta Nea daily.

Many Greeks seemed shocked at what they had done in an election earthquake that sent tremors across Europe and increased fears of a return to the euro zone debt crisis first sparked by Greece in 2009…

Analysts expressed deep gloom about Greece’s fate with Citigroup saying the odds of an exit from the euro zone had risen to between 50 and 75 percent from 50 percent previously.

“It seems that yesterday’s election not only complicated but significantly escalated even the near term outlook in Greece,” said Gillian Edgeworth of UniCredit. She said the calling new elections would mean at least six weeks of uncertainty.