Greek Parliamentary Vote for New President Fails Again-WHAT IT MEANS

Greek Parliamentary Vote for New President Fails Again… The New Democracy’s candidate for President failed to get enough votes to take office, for the second time in two weeks. If he fails to get enough votes on December 29, Greece will hold snap elections where the current Prime Minister could lose his position.

What it means — This is definitely high drama. The ruling party, New Democracy, is led by Samaras, who has abided by the requirements of the Greek bailout that were set down by the troika from the European Union and the European Central Bank.

If Greece holds nationwide elections, current polling suggests that the far-left Syriza party would win. This group has denounced the troika and its austerity measures for years and called for greater spending on social programs. An election favoring Syriza would send Greece into a tailspin that might see the country leave the euro. This would make for a very unpleasant surprise right before the New Year.


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Martin Milita

Martin Milita is a Senior Director at Duane Morris Government Strategies, LLC. Duane Morris Government Strategies (DMGS) supports the growth of organizations, companies, communities and economies through a suite of government and business consulting services. The firm offers a range of government relations and public affairs services, including lobbying, grant writing; development finance consulting, media relations management, grassroots campaigning and community outreach. Milita works at the firm’s Trenton and Newark New Jersey offices. Visit his blog at: Follow him on twitter: @MartinMilita1 BLOGROLL Martin Milita – Martin Milita :: Pinterest Martin Milita @ Twitter Martin Milita at Slideshare Martin Milita on Google+ Martin Milita Yola Site Martin Milita | Xing

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