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Prime Minister Alexis Tsipras, whose hard-left Syriza party stormed to victory in elections on January 25, has vowed to tear up the bailout program and end austerity measures imposed under it.
With the formation of the new Greek
Government one cannot expect the dialogue for the name dispute to speed up.
From a portfolio perspective, however, we believe that we are relatively well-hedged to a protracted stand-off between the new Greek
government and the Troika as net longs in the yen and the dollar plus shorts in commodity FX should perform well in a highly-stressed Grexit scenario.
TEHRAN (FNA)- New Greek
premier Alexis Tsipras called for curbing Israel's ongoing brutality and war against the Palestinians.
Cypriot media have reported that the emphasis will be on how the new Greek
government will pursue a fair and sustainable solution for the Cypriot dispute, for both the Greek Cypriot and Turkish Cypriot communities, based on UN resolutions.
For the new Greek
government the effort for a fair solution of the Cyprus issue is a priority and we will support this effort," Tsipras noted.
But yesterday's proposal by a number of Labour MPs that their party should follow the lead of the new Greek
government and shun austerity, borrow money and spend it on job creation doesn't really hold water.
The president of the Eurogroup Jeroen Dijsselbloem pledged to cooperated with the new Greek
government after the upcoming elections and provide further assistance, provided it maintains the austerity policy and reform program, during an interview in Japan.
As stocks in Athens tumbled and analysts saw the makings of a new Greek
crisis, Samaras insisted voters would choose to stay the course of fiscal reform.
Based on unconfirmed information, Evangelos Venizelos, leader of PASOK, will be the new Greek
Foreign Minister as his predecessor, Dimitris Avramopoulos, will be the new Minister of Defense.
20 October 2009: The new Greek
government, headed by George Papandreou, announces a record budget deficit of 12.