Greece Not Considering Early Election

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.”

via BBC

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 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