Back
18 Sep 2015
Greece comes to the fore (again) – TDS
FXStreet (Edinburgh) - Strategists at TD Securities noted the upcoming Parliamentary elections in Greece on Sunday, which should be a very close call between Syryza and New Democracy.
Key Quotes
“Greeks return to the polls on Sunday—for the fifth time in six years. Pre-election polls suggest the race is tight, with Greeks equally likely to elect a government led by a party that has always supported austerity (New Democracy) or one that has only recently supported austerity (Syriza)”.
“As a result, we see this as largely inconsequential, as with bailout funding secured until June 2016, the markets can largely look past the outcome”.
Key Quotes
“Greeks return to the polls on Sunday—for the fifth time in six years. Pre-election polls suggest the race is tight, with Greeks equally likely to elect a government led by a party that has always supported austerity (New Democracy) or one that has only recently supported austerity (Syriza)”.
“As a result, we see this as largely inconsequential, as with bailout funding secured until June 2016, the markets can largely look past the outcome”.