Greece Party Pulls Ministers from Government

Greece’s small Democratic Left party has decided to pull its ministers from the three-party ruling coalition, a senior party official confirmed on Friday.

“On the basis of developments and the prime minister’s policies, the Democratic Left has decided to withdraw its ministers and general secretaries from government,” Dimitris Hatzisokratis, a member of the party’s executive committee, told Reuters after an emergency meeting of the party’s lawmakers.

The smallest party in the governing alliance, the Democratic Left has two ministers and two deputy ministers in the cabinet.

The party has not yet decided on whether to back the government from outside during parliamentary votes, party officials said.

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