Fxstreet (Delhi) – Analysts at Brown Brothers Harriman note that the political situation in Greece is becoming ever more tenuous ahead of the September 20 vote, which is likely to add on to uncertainty looming over country’s future in Euro zone.
Key Quotes
“In the latest development, Syriza Youth Wing made it clear that it won’t support Tsipras in the elections. Instead, they will continue to fight against the bailout agreement and austerity measures. This just highlights the growing tensions ahead for the country.”
“Recent polls show a significant decline in both Tsipras’ popularity and the margin by which Syriza is expected to win the elections. So the party will almost certainly need to form a coalition, which could open the door for yet more uncertainty.”
(Market News Provided by FXstreet)