21 Dec 2014
Greek Presidential Elections start the week off – TDS
FXStreet (Guatemala) - Analysts at TD Securities noted the events for the remainder of the year. First up we have the Greek Presidential Elections when Europe comes on board today - will it go to a third vote?
Key Quotes:
“If the second round of voting on the 23rd is anything like the first on the 17th, where the government only managed to get the support of 160 of 300 MPs for its presidential candidate, then it will all come down to the third vote on the 29th, where the bar to pass is lowered from 200 MPs to 180 MPs.”
“The current government holds 155 seats in parliament, and will need to convince 25 other MPs to vote with it, who will likely be made up of some of the 24 independent MPs, 12 members of the party Independent Greeks, and 10 members of the Democratic Left.”
“The most recent polling will likely have some weight in their decisions, as the less likely they appear to be to get re-elected in the case of snap elections, then the more likely they are to vote yes to the presidential candidate in the third round of voting in order to preserve their jobs for the final 18 months or so of the government’s current mandate.”
Key Quotes:
“If the second round of voting on the 23rd is anything like the first on the 17th, where the government only managed to get the support of 160 of 300 MPs for its presidential candidate, then it will all come down to the third vote on the 29th, where the bar to pass is lowered from 200 MPs to 180 MPs.”
“The current government holds 155 seats in parliament, and will need to convince 25 other MPs to vote with it, who will likely be made up of some of the 24 independent MPs, 12 members of the party Independent Greeks, and 10 members of the Democratic Left.”
“The most recent polling will likely have some weight in their decisions, as the less likely they appear to be to get re-elected in the case of snap elections, then the more likely they are to vote yes to the presidential candidate in the third round of voting in order to preserve their jobs for the final 18 months or so of the government’s current mandate.”