Greek elections problematic for Eurogroup? - UOB Group

FXStreet (Guatemala) - Analysts at UOB Group explained that the Greeks will go to the polls for the second time this year this Sunday. Polls show, on balance, a marginal lead by former PM Tsipras' Syriza party over centre-right New Democracy, but the winner is a very close call.

Key Quotes:

"We bear in mind that the complex Greek electoral system - with a 50-seat bonus for the winning party and a 3% threshold to enter the parliament - makes it difficult to predict the outcome of the election based on the polls."

"Whatever the outcome, the winning party would not be able to govern alone, and this would open the way for negotiations among the parties to form a coalition government, which could be complicated and could cause delays in the implementation of the programme of financial assistance agreed."

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.