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29 Dec 2014
Greek vote threatens to destabilise Eurozone
FXStreet (London) - Greece once again threatens to bring instability to the Eurozone after Stavros Dimas failed to gain the 180 majority required to be elected president, meaning that Greece will now go to the polls on either 25 January or 1 February - the date will be announced within 10 days of today's result.
Greek lawmakers voted exactly as in the first round, again voting 168/300 in favour of Dimas.
The result of today's election means that the run up to the Greek elections at the end of January/beginning of February, the EU leaders summit on 12 February and the Eurozone leaders summit on 16 February will be a crucial period for Eurozone stability or lack thereof.
The Athens stock exchange is down 11.1 percent on the day.
Greek lawmakers voted exactly as in the first round, again voting 168/300 in favour of Dimas.
The result of today's election means that the run up to the Greek elections at the end of January/beginning of February, the EU leaders summit on 12 February and the Eurozone leaders summit on 16 February will be a crucial period for Eurozone stability or lack thereof.
The Athens stock exchange is down 11.1 percent on the day.