Greek vote could boost Europe’s anti-austerity parties: analysts

  • Business Premium
  • Wednesday, 31 Dec 2014

Leader of main opposition Left wing party SYRIZA, Alexis Tsipras is all smiles during a pre-election rally of the party, in Athens, Greece, Dec 29, 2014. The 180 votes needed for the election of the President of the Republic were not gathered, thus dissolving parliament and prompting the declaration of a snap election - EPA Photo.

BRUSSELS: An election win for Greece’s far-left Syriza party could cause political contagion across Europe by boosting support for other populists, as well as reopen the vexed question of EU-backed austerity, analysts said.

But other radical upstart parties such as Spain’s Podemos may find it a double-edged sword, especially if Syriza ends up backing down on its vows to reverse painful reforms imposed under Greece’s international bailout.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights


Next In Business News

CPO futures likely to undergo technical correction next week Premium
Econpile issues termination notice to Gabungan Strategik Premium
Intel's US$20bil Ohio factory could become world's largest chip plant Premium
Shrunken US oil inventories point to chronic under-supply Premium
Royal Dutch no more - Shell officially changes name Premium
Oil price slides, but climbs for 5th week on supply concerns Premium
GLOBAL MARKETS-Bond yields tumble as Netflix fuels stock market sell-off Premium
Rising interest rate fallout unlikely Premium
Policy normalisation can lend support to ringgit Premium
Short Position - Green bond, O&G funding, Going the EV way Premium

Others Also Read