Greeks head to the ballot box in two days for a contest that may determine the fate of the world’s first democracy and the future of the newest reserve currency, while roiling markets from Wellington to Wall Street.
Almost 10 million Greeks will vote for the second time in six weeks after a May 6 ballot failed to yield a government. The constitution permits a third election too. The final polls, published on June 1, showed no party set to win a majority. Exit polls will be released when voting ends at 7 p.m. in Athens, with a first official result estimate due around 9:30 p.m.
Supporters of Greek Communist party during an election rally in the northern Greek city of Thessaloniki on June 14, 2012. Photographer: Nikolas Giakoumidis/AP Photo
June 15 (Bloomberg) — Douglas Elliott, economic studies fellow at the Brookings Institution, talks about the outlook for this Sunday’s Greek election and the country’s euro membership. Almost 10 million Greeks will vote for the second time in six weeks after a May 6 ballot failed to yield a government. Elliott speaks from Washington to Mia Saini on Bloomberg Television’s “First Up.” (Source: Bloomberg)
June 15 (Bloomberg) — Eric Fishwick, head of economic research at CLSA Ltd., talks about the outlook for a solution to Europe’s debt crisis, and its similarities with Asia’s currency crisis more than a decade ago. He speaks with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.” (Source: Bloomberg)
The June 17 vote will turn on whether Greeks, in a fifth year of recession, accept open-ended austerity to stay in the euro or reject the conditions of a bailout and risk the turmoil of becoming the first to exit the 17-member currency. World leaders have said they’d prefer a pro-euro result, underscoring concern over global repercussions.
Courtesy of bloomberg.com