Greece’s Move To Snap Polls Raises Spectre Yet Again Of Grexit

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Mani
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With former European commissioner Stavros Dimas failing to garner the 180 votes required to be elected president, Greece once again threatens to bring instability to the Eurozone. The government’s candidate for President, Stavros Dimas, could muster only 168 votes. Results of today’s voting Greek Prime Minister Antonis Samaras faced a vote in parliament Monday to decide whether the country goes to snap elections that could bring the leftwing Syriza party to power and derail an international bailout. Earlier Syriza was leading in the opinion pools, and he vowed again to renegotiate the joint European Union-IMF bailout. In today’s voting, Greek lawmakers…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports