And the Greek election accomplished what exactly?: Pro-bailout parties want to delay deficit reductions for two years

Remember all the fears about what would happen if the radical left anti-bailout Syriza party won the election?  That they would insist on the bailout being renegotiated.  Well, the pro-bailout parties also said that they wanted more favorable terms and it is finally clear what they want.  From the BBC:

Greece's new coalition government has proposed an extension to the deadline for it to reduce its budget deficit by at least two years, to 2016.
In a policy document, the government said its aim was for the fiscal target envisaged by the bailout deal to be met without further cuts to salaries and pensions. . . .

Nor does the future for this coalition sound extremely promising.

All three parties have signed a agreement to fully support the coalition, giving it a majority of 29 in parliament.  However, the cabinet is dominated by the conservative New Democracy party, after its left-wing partners Pasok and Democratic Left barred their MPs from joining.  They are represented by two party officials each. It is believed that they may not want to be associated with austerity measures. . . .