Greece’s state minister has ruled out speculation that the government is considering an early election.
Alekos Flambouraris told Greek TV there was “no point” in calling a poll, saying the country did not need it.
He was responding to reports that the government was considering a snap vote if it failed to find a settlement with its international creditors.
Greece has been locked in strained negotiations since coming to power in January on pledges to end austerity.
On Monday, Germany’s Bild reported that Prime Minister Alexis Tsipras was prepared to call an early election in a bid to show that the Greek population was behind his attempts to renegotiate the terms of the country’s €240bn (£176bn; $272bn) international bailout.
It quoted a Greek minister saying: “We have nothing to lose. If the EU remains hard, we must show that we stand firm.”
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.