December 9, 2014 18:53
(AGI) – Rome, December 9 – The decision of Prime Minister Antonis Samaras greek anticipate two months – December 17 – the election of the new head of state is ditching the European stock exchanges.
The move indeed to appoint Stavros Dimas, a former European Commissioner for the Environment , increases the risk of early elections in Greece in case the candidate of the same Samaras was defeated. According to the latest polls in fact in the case of elections would affirm the extreme left Syriza contrary to the Troika. This situation – combined with the new collapse in oil prices to a minimum 5 years in Asia with Brent at $ 65.2 – brought down the Athens Stock Exchange (-12.9%) to its lowest for 27 years. Male also all other lists with Milan that gives 2.81% to 19,390 points, also due to the downgrade of S% P, Frankfurt loses 2.21% to 9793.71 points and 2.55% in Paris 4,263 points while Madrid leaves on the ground on 3.79. The day was also open with the sharp decline of the stock market in Shanghai (-5.4%).
Vote and ‘very delicate for Athens and for the whole euro area, because the majority supporting Samaras and ‘by 154 votes to elect the president and will serve at least 180. If you do not reach’ qualified majority voting in the first three, the law requires that early elections would be held January 18th and early February. The radical left Syriza and ‘leading in all the polls (with about 32% of the votes and a 3-6% lead over the center-right New Democracy). Its leader, Alexis Tsipras, has already ‘warned that in case of victory will declare’ zero agreements with the Troika EU-IMF-World Bank and ask ‘the convening of a European Conference to cut the debt of countries in crisis.
decision that threatens to bring back five years.
(AGI) Gin (Continued) (Summary) Greece and scare oil markets, sink Bags (2) = (AGI) – Rome, December 9 R 11; The same Samaras announced the advance of the vote after having received the go ahead to the 2015 budget but at the same time having to admit that the bailout Troika will not close ‘to end of the year, as hoped for electoral reasons, “but continue’ for a few months. ” Brussels asked Greece a correction of the accounts of two and a half billion next year while Athens asks a brake austerity. And so ‘waiting for the last tranche of 240 billion euro loan, Athens will remain’ ‘for a few months “(probably three) under the protective umbrella of the international institutions.
To reassure the markets has tried EU Commissioner for Economic Affairs, Pierre Moscovici, according to which, if the Greek government has pushed for a parliamentary vote means and ‘confident we can do it. “We follow the situation closely,” he says. “Markets are always very sensitive to political uncertainty – he adds ̵ 1; but I think that if the Prime Minister Samaras has chosen this path and ‘why’ and ‘confident of getting a win for president in the coming weeks.” “The markets – says Moscovici – should perhaps show more ‘safety than they have passed so far.” “Yesterday – concludes Moscovici – the Eurogroup took very important decisions that show the confidence we have for the work done by the authorities ‘Greek’. And always trust spoke in Brussels Economy Minister Pier Carlo Padoan. Among the countries of the European Union, says, “there is no ‘enough confidence” and this is’ why there’ so much need to respect the rules. “If there are no common rules accepted, this is interpreted as a lack of confidence.” It is said Padoan, today presided over the last half of the Ecofin Italian, a problem: “I trust you only if you watch as the rules” and that “ma kes everything more ‘difficult’, in particular the construction of common institutions that have a “long-term vision.” After Ecofin minister stressed that “to think that break through the ceiling of 3% can bring more ‘growth and’ profoundly wrong.” (AGI).
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