Credit Agricole: Greek parliament might vote to pass the reform bill – eFXnews

FXStreet (Barcelona) – According to Credit Agricole, the recent Greek referendum would have increased Tsipras strength in the parliament, and the PM will have enough votes to pass the reform bill, as noted by eFXnews.

Key Quotes

“Syriza has 149 seats plus 17 from its coalition partner – the Greek nationalists. The opposition parties as a whole – ND, Pasok and Ta Potamo – have ~94 seats. It is a 300 seat parliament and we need 151 for the vote to pass (unless it is a qualified majority, which we doubt).”

“We strongly suspect that the purpose of the July 5 referendum was, among other things, to strengthen the internal position of Tzipras inside the party. In turn, Tsipras’ popularity could guarantee that the defections (from the ranks of the more extreme Syriza factions) need not be so numerous today. In addition, we would still think that the opposition parties will vote for more fiscal austerity and reforms. Net, net, it would seem that Tsipras will have enough votes to pass the reform bill.”

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According to Credit Agricole, the recent Greek referendum would have increased Tsipras strength in the parliament, and the PM will have enough votes to pass the reform bill, as noted by eFXnews.

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