New Greek poll looms

Greece moved closer to a second snap election on Wednesday when the head of the biggest party launched a new attack on radical leftist Alexis Tsipras, saying his plans for a new government would push the country out of the euro zone.

New Democracy leader Antonis Samaras said in a televised statement that he hoped Tsipras would “come to his senses” before they met for coalition talks later on Wednesday.

Tsipras, riding a wave of public disgust with economic hardship in last Sunday’s election, has demanded that Samaras and socialist PASOK leader Evangelos Venizelos tear up their 130-billion euro bailout deal with the EU and IMF.

Samaras said this would be “a certain and immediate disaster”.

Tsipras, whose Left Coalition SYRIZA came second in the election, received a three-day mandate on Tuesday after Samaras gave up after only a few hours.

He was due to meet both Venizelos and Samaras later on Wednesday but there seems virtually no chance of agreement on a workable coalition to end Greece’s post-election limbo.

Reuters

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell