Greece heads for early parliamentary. They will be held at the earliest on 25 January. Stavros Dimas, the only candidate in the honorary position of Chairman drew only 168 votes in his name, as the second round. He would have needed 180 to be elected. Therefore: the parliament will be dissolved.
At the announcement of this result, the benchmark index of the Athens Stock Exchange took down more than 11%. Markets fear that early elections open the way to a victory Siriza, the party of the radical left.
Its leader, Alexis Tsipras promised the end of austerity policies and renegotiation of the Troika bailout. He particularly committed to cancel nearly two-thirds of the debt - which amounts to 175% of GDP at present - but also to raise the minimum wage and increase state spending.
Many popular promises in a country where unemployment still affects 25.7% of the workforce, but give chills to donors of Greece. The EU, ECB and IMF extended EUR 240 billion since 2010 to avoid bankruptcy the country and require new wage cuts and new tax increases to unlock a credit line of $ 7.2 billion euros.
According to a survey conducted this weekend, however, 44.1% of Greeks believe Antonis Samaras, the conservative incumbent Prime Minister, better able to run the country in the current circumstances.

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