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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GREECE
Latest opinion polling ahead of the 21 May legislative election shows a congested political field, with projections at present indicating that at least three parties will be required to form a workable majority coalition. It should be noted that the electoral maths has been made somewhat less complicated by the barring of the far-right National Party-Greeks from fielding candidates.
- PM Kyriakos Mitsotakis' centre-right New Democracy (ND) retains its lead at the top of polls, but this has continued to shrink in recent weeks. ND's support sits around 35%, with the main opposition leftist SYRIZA of former PM Alexis Tsipras on around 29%.
- On 12 April, MPs from ND and the centre-left PASOK voted to bar the National Party-Greeks from fielding candidates in the election as the party would not “serve the free functioning of a democratic constitution.” The decision now goes to the Supreme Court for implementation. The Greeks party is spearheaded by Ilias Kasidiaris, who is currently serving an 13-year prison term for offences including murder, racist violence and money laundering related to the neo-Nazi Golden Dawn party.
- Without The Greeks able to take up seats, the formation of a coalition could prove somewhat easier. Nevertheless, a three or even four-party coalition could be required for an overall majority. As such, coalition negotiations could continue for some time post-election.
Chart 1. General Election Opinion Polling, % and 6-Poll Moving Average (National Party-Greeks Inc.)
Source: Pulse RC, Interview, Rass, Palmos Analysis, Marc, Metron Analysis, MRB, ProRata, GPO, Alco, MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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