Forex Magnum



News


Samaras Attempts To Build A Coalition Government

Autore: Staff for Oanda




Greece’s New Democracy party has begun talks to build a coalition government after winning over Syriza in the country’s second general election in six weeks.

Antonis Samaras, its leader, received today a mandate to form a government from President Karolos Papouilias. His challenge is to try to rebuild credibility with Greece’s European partners to secure further bailout funds.

However, coalition talks may not be easy. After a first, inconclusive election six weeks ago, each of the main parties tried but failed to form a coalition government.

European officials indicated a willingness to ease the terms of rescue package as long as Greece re-commits as soon as possible to their austerity demands. They have warned that if a new Greek government rejected the bailout terms, the country could be forced to abandon the single currency.

The election in Greece was about a choice between open-ended austerity to stay in the euro or reject the terms of a bailout and risk the turmoil of exiting the union.

New Democracy, supporting the austerity demands, won 129 seats, enough to put together a coalition with Pasok. New Democracy and Pasok would have 162 seats if they agree to govern together in the 300-member parliament, according to Interior Ministry projections based on 99 percent of yesterday’s votes counted.

The addition of Democratic Left, which has demanded commitment to staying in the euro as well as “gradual disengagement” from the austerity measures, would give a government 179 seats.

For markets, a majority for an New Demo Democracy-Pasok coalition would be a relief reducing the risk of a Greek euro exit.

Greek turmoil started back in October 2009, when Pasok Prime Minister George Papandreou revealed a deficit four times more than European rules allowed. The country, which is in its fifth year of recession, has since received two rescue packages totaling 240 billion euros from the European Union and International Monetary Fund.

Source: Bloomberg


Analisti

Sei un Analista Tecnico Indipendente Professionista del mercato FOREX? Registrati anche tu nella comunità ed elabora insieme a noi strategie automatiche di successo! Dettagli


Programmatori

Sai programmare in MQL o usare il MetaTrading? Registrati e contribuisci alla programmazione di trading system, script e indicatori per MetaTrader. Dettagli


Traders

Ti piace il Trading? Vieni in Trading Room a Cosenza, guarda le analisi tecniche real time dei nostri indicatori e decidi quando entrare nel mercato. Corsi base ed avanzati. Dettagli








Non esistono ancora Commenti per questa news.

Archivio News

Pagina:

1 2 3 4 5 > >>

Will Slovenia Be The Next to Ask for a Bailout?


Euro Zone Unemployment Hits Record High


Irish Get Seismic Shift on Banking Deadlock


EU Leaders Agreed on Bank Recapitalisation


US Q1 Final GDP Unrevised


UK Economy Shrank in Q4 More Than Estimated


Japan Lower House passes tax, so/sec reform bills, majority


UK Has a Larger Budget Deficit Than Forecast


Extension of Twist a threat to bond trading


UK Retail Sales Rises in May


UK Retail Sales Rise in May


UK unemployment rate decreased in Q1


Spain in the spotlight, Merkel under G20 Pressure


Europe gets EM Ultimatum as G20 Meet


Samaras Attempts To Build A Coalition Government


Spanish Bond Yields Print Currency Bloc High


Euro Zone Production Contracted in April


Spanish yields up on bailout doubts


Italy too may need bailout


US Wealth Fell -38.8% in ’07-’10 on Housing


Spain First, Now Eurobonds?


UK’s Services Growth Sheds Doubts on BoE Stimulus


German Industrial Output Decreased in April


Spain Seeks Aid For Banks


Unemployment in The Euro Zone Remains High

Pagina:

1 2 3 4 5 > >>