Greece faces early 2015 election as presidential vote fails

Greek voters will be heading to the polls in early 2015 after the country’s parliament failed to agree on a new president in a third and final vote on Monday. Prime Minister Antonis Samaras needed a supermajority of the 300-seat parliament to back his candidate — former European Commissioner Stavros Dimas — but he only secured 168 of the 180 votes needed. The rejection of the government’s candidate now means that the parliament will have to be dissolved and a snap election held in late January or early February. Borrowing costs in Greece surged after the vote, with the yield on 10-year government paper GR10YT, +0.00% up 67 basis points to 8.806%, according to electronic trading platform Tradeweb. The Athex Composite stock index GD, -8.46% plunged 10% to 764.55.

 Varchev Traders

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance