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18 Sep 2015
Greek elections problematic for Eurogroup? - UOB Group
FXStreet (Guatemala) - Analysts at UOB Group explained that the Greeks will go to the polls for the second time this year this Sunday. Polls show, on balance, a marginal lead by former PM Tsipras' Syriza party over centre-right New Democracy, but the winner is a very close call.
Key Quotes:
"We bear in mind that the complex Greek electoral system - with a 50-seat bonus for the winning party and a 3% threshold to enter the parliament - makes it difficult to predict the outcome of the election based on the polls."
"Whatever the outcome, the winning party would not be able to govern alone, and this would open the way for negotiations among the parties to form a coalition government, which could be complicated and could cause delays in the implementation of the programme of financial assistance agreed."
Key Quotes:
"We bear in mind that the complex Greek electoral system - with a 50-seat bonus for the winning party and a 3% threshold to enter the parliament - makes it difficult to predict the outcome of the election based on the polls."
"Whatever the outcome, the winning party would not be able to govern alone, and this would open the way for negotiations among the parties to form a coalition government, which could be complicated and could cause delays in the implementation of the programme of financial assistance agreed."