Greek Main Opposition Says Will Not Back PM in Confidence Vote

Greece’s conservative opposition New Democracy party will not back the government in a vote of confidence the prime minister is expected to call after Aug. 20, a senior party lawmaker said on Friday.

“New Democracy giving the government a vote of confidence? There is no chance of that,” lawmaker Makis Voridis said after parliament passed Greece’s latest bailout bill.

A senior New Democracy official confirmed the party did not intend to vote in favour of Prime Minister Alexis Tsipras’s government if a confidence vote was called.


Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.