That upbeat outlook may be undermined by political uncertainty, however. The coalition government led by Antonis Samaras, which steered the country away from the abyss after two fraught elections in 2012, could fall next year, possibly as early as February.
Opinion polls suggest that the next one may be led by Syriza, a left-wing party whose policies would put it on a collision course with the euro zone’s creditor countries, especially Germany. Already, ten-year government-bond yields, which had fallen below 6% during the summer, have risen above 8% as investors worry about the country’s political prospects.
The foundations of this year’s growth were laid when the threat of a Grexit was removed. Should the jitters return, the Grecovery will surely wobble too.
That upbeat outlook may be undermined by political uncertainty, however. The coalition government led by Antonis Samaras, which steered the country away from the abyss after two fraught elections in 2012, could fall next year, possibly as early as February.
Opinion polls suggest that the next one may be led by Syriza, a left-wing party whose policies would put it on a collision course with the euro zone’s creditor countries, especially Germany. Already, ten-year government-bond yields, which had fallen below 6% during the summer, have risen above 8% as investors worry about the country’s political prospects.
The foundations of this year’s growth were laid when the threat of a Grexit was removed.ควรสั่น กลับ grecovery จะส่ายไปส่ายมาด้วย
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