Greek Elections: Euro or Dragma?

Greek Hoplites (Photo credit: Dunechaser)

In elections in Greece on Sunday there is much at stake. In Stock Tips have been doing a very thorough monitoring the situation in Europe. I personally think that the crisis in the eurozone is not resolved quickly and properly, the consequences will be global, affecting negatively the stock market. 

WORKERS were busy on Friday afternoon setting the stage for Antonis Samaras, leader of the centre-right New Democracy (ND) party, to wrap up his election campaign with a final rousing “euro-or-drachma?” speech in Syntagma square in the centre of Athens. The choice of venue signaled that the conservatives are feeling confident about the vote on June 17th.  At the inconclusive election on May 6th, Mr Samaras held his final outdoor rally in a space much easier to fill.

Heading into Sunday’s vote, unpublished opinion polls carried out for political parties gave New Democracy as much as a three point lead over Syriza, the upstart radical left coalition. (Greek law bans the publication of polls in the two weeks before a general election.) Both parties are hovering around the 30% mark, while the PanHellenic Socialist Movement (Pasok) trails with around 10% support. But with as many as 12% of voters still undecided, the conservatives could yet be overtaken by a last-minute Syriza surge, say pollsters.... Continue to read.

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