Greece's economy faces
"irreparable" damage from the ongoing political crisis, the boss of
its central bank has warned.
Greek politicians will
start voting on Wednesday for a New Greek president. There will be a snap
general election if the government nominee loses. The political uncertainty has
rattled Greek markets over the past week. Greece's economy emerged from a
six-year long recession in the first quarter of the year.
Party support
However, the size of
Greece's economy is still about a quarter below the peak it reached before the
severe recession and debt crisis triggered by the global financial crash.
And conservative Prime
Minister Antonis Samaras's decision to call an early vote in parliament to
elect a new president has caused fresh concerns.
His conservative-led
coalition needs the support of other parties if its candidate is to obtain the
backing of MPs. On Thursday an official in the governing coalition said it was
still short of the support needed to stop the government collapsing in the parliamentary
vote.
Greece's government
has warned of a catastrophe if snap elections are called and left-wing
anti-bailout party Syriza wins, but Syriza has accused the government of fear
mongering.
(Πηγή: bbc.com)
