Syriza’s Poll Lead Widens Ahead of Greek Elections

Greece’s anti-bailout Syriza party is solidifying its opinion poll lead over the ruling conservatives eight days before the country’s election, a survey on Saturday.

The survey by pollster Kapa Research for Sunday’s To Vima newspaper showed the radical leftists’ lead widening to 3.1 percentage points from 2.6 points in a previous poll earlier in the month.

The national vote on Jan. 25 will be closely watched by financial markets, nervous that a Syriza victory might trigger a standoff with Greece’s European Union and IMF lenders and unleash a new financial crisis.

The survey, conducted on Jan. 13-15, showed that Syriza, which is running on a pledge to end austerity policies and renegotiate the country’s debt, would win 31.2 percent of the vote if the election was held now, versus 28.1 percent for Prime Minister Antonis Samaras’ New Democracy conservatives.

The centrist party To Potami (River) ranked third with 5.4 percent.

The leading party must generally receive between 36 and 40 percent of the vote to win outright, though the exact threshold depends on the share of the vote taken by parties that fail to reach a 3 percent threshold to enter parliament.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza