Tuesday, December 30, 2014

Political Crisis In Greece Raises Economic Fears Throughout Europe



Greece Faces Early Election After PM Loses Vote On President -- Reuters

(Reuters) - Greece heads to an early general election next month after parliament rejected Prime Minister Antonis Samaras's nominee for president on Monday, throwing the country into a new period of political turmoil just as it emerges from economic crisis.

Greek 10-year bond yields surged to a 15-month high and stocks tumbled after former European Commissioner Stavros Dimas fell short of the 180 votes needed to become president in the decisive third round of voting, triggering the dissolution of parliament.

Samaras set Jan. 25 as the date for a parliamentary election.

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More News On Greece Going To The Polls On January 25

Europe Braces for Economic Fallout as Greece Heads to Early Elections -- New York Times
Greece readies for snap elections -- Deutsche Welle
Hardships frustrate Greeks as recession persists -- USA Today
New Greek crisis stokes fear of a eurozone fallout -- Independent.ie
Greek stocks plunge 11% amid political uncertainty -- Irish Times
Greek vote impasse raises cash concerns -- Irish Examiner
IMF Freezes Aid to Athens Until After General Elections -- Latin American Herald Tribune
The odds of Greece leaving the euro have never been higher -- Washington Post
Greece’s Bad Political Choices -- WSJ

1 comment:

James said...

Looks like PIGS are starting to sprout wings.