Greece In Turmoil After Third Failed Presidential Vote Means January 25 Snap Elections | Zero Hedge.
And just like that Grexit is back.
It appears that with a few short days left in the year, the Santa rally is finally over, if only in Greece where both bonds and stock are tumbling after the third vote for PM Samaras’ appointed presidential appointee Stavros Dimas concluded as many had expected: in failure, with 168 Greek lawmakers voting in favor of Dimas, well short of the 180-vote threshold needed. 132 voted against Mr. Dimas. This means that the “worst case” scenario – at least as described by Goldman – is now on deck: a snap general election that could bring the anti-bailout Syriza party to power. And speaking of Syriza, and its triumphant leader Samaras, moments ago he announced that the now inevitable Greek elections will take place on January 25: pencil that date in for even more turmoil.
As for Samaras, his coalition government is now expected to resign later today.
The biggest question now is just how far ahead of New Democracy is the anti-bailout Syriza in polls, and will it be able to achieve a sufficient majority without needing ND or other coalition parties in order to rule, but with a 6%+ lead, Syriza’s chances look good to quite good:
