Experts are warning that the political situation in Greece has become “critical” with left-wing, anti-bailout party Syriza forecast to grab the largest share of votes in this month’s snap general election.
Ahead of the election on January 25, opinion polls point to a Syriza victory. However, while investors know the current coalition government will work to ensure Greece remains on the right track and stick to the spending and reform measures laid out in the country’s bailout program, Syriza remains a highly risky unknown quantity.
“The situation in Athens is quite critical at the moment because we see that a new government and new party could be in power, according to the polls but markets don’t know the economic program of Syriza,” Nikolaos Georgikopoulos, visiting research professor at the NYU Stern School of Business, told CNBC Monday.
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