Greek political parties are entering the final lap for the national elections taking place on January 25. The basic aim is to woo over 600,000 undecided voters that are to play a crucial role in the election results according to opinion polls.
The two parties at the forefront of the pre-election battle are the conservative New Democracy (ND) leadership and the main opposition Radical Left Coalition (SYRIZA). The latter has a slight lead that ND hopes to overturn in the final week of the elections, a period of economic uncertainty that has fuelled the need for banks to call for preventive measures to avoid liquidity problems.The Bank of Greece has already requested that the Emergency Liquidity Assistance (ELA) mechanism ot be activated on Friday.
On his part, German Finance Minister Wolfgang Schaeuble has called on Greek politicians to not promise more than they can delivered and excluded any discussion regarding a renegotiation of Greece’s debt. European officials have also issued statements urging Greeks to fulfil its obligations and continue with its program, whereas alarming information from Frankfurt shows that Greeks bonds are not to be included in the quantitative easing program aimed at stimulating growth in the Eurozone.
In this spirit, news of a Grexit is echoing loudly ahead of Sunday’s elections.
