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Greece edges closer to a general election

Dec. 18, 2014 4:24 AM ETGlobal X MSCI Greece ETF (GREK)GREKBy: Yoel Minkoff, SA News Editor
  • An early general election in Greece is looking more likely after the first round of a snap presidential election failed to win support for Greek Prime Minister Antonis Samaras’s candidate - Stavros Dimas.
  • There is a great possibility that the left-wing, anti-austerity party Syriza could win such a vote – potentially putting the country's international bailout into jeopardy.
  • Greece appears to be on track for a primary budget surplus in 2014, but the country still has an enormous debt pile of 175.5% of GDP.
  • ETFs: GREK

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