Free Trial
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
Head of the main opposition leftist SYRIZA, former PM Alexis Tsipras, has stated that there are 'no conditions to form a coalition gov't'. This comes after Tsipras was given the mandate to seek to form a coalition gov't by President Katerina Sakellaropoulou following PM Kyriakos Mitsotakis' refusal to hold coalition talks yesterday. With the head of the third-largest party in parliament also indicating that he will not seek to form a coalition, the eventual outcome is set to be a snap election in late June.
- With all three largest parties set to hand back the mandate and refuse to form coalitions, the president will appoint a caretaker gov't with a senior judicial figure at its head to govern in the interim until the next election.
- Given the party's strong outperformance in the 21 May vote, Mitsotakis' centre-right New Democracy will be confident of securing a majority under the 'reinforced proportionality' electoral system that will be used in the next vote.
- For more information on the parties involved and the electoral system see MNI Political Risk team's election briefing.
Chart 1. Result of 21 May General Election, Seats
Source: Ministry of the Interior, 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok