The German Minister of Finance characterized the accelerating the presidential election as “the right decision” and stressed that “Not everyone was surprised”.

According to Wolfgang Schäuble ” As shown by the market reaction Greece is not yet out of the deadlock”.

By using the exact wording ” it’s not out of the woods”, according to Bloomberg, Schäuble hinted that our country cannot be complacent based on helping partners and credit support line (ECCL), and the two-month extension of the program.

The German Minister of Finance while referring to the market’s reaction commented that ” Of course, the internal political situation in Greece dominates the agenda, but I see no difference compared to a few years ago”.

Furthermore, Wolfgang Schäuble stressed that “Not everyone was surprised” and added that “now is official and probably it is the right decision”.

At the same time praised the Greek Prime Minister Antonis Samaras who according to Scauble he was the “decisive and the principal officer for the recovery of Greece so far”.

Bloomberg notes that the Greek Stock Exchange noted today the biggest drop since 1987 (-12.78%), after expediting procedures for electing the President of the Republic and the announcement of the name Stavros Dimas as a candidate.

Further, Bloomberg stands to political risk assumed by the Prime Minister as well, since if he doesn’t manage to  gather the necessary 180 MPs for the emergence of the President, the country will go to early elections, which SYRIZA is  very likely to assume government.