Thursday, July 31, 2014


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Countries Prepare For Greek Vote Fallout

The head of Greece's Left Coalition party, Alexis Tsipras, celebrates with supporters in Athens on May 6. The head of Greece's Left Coalition party, Alexis Tsipras, celebrates with supporters in Athens on May 6.
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The head of Greece's Left Coalition party, Alexis Tsipras, celebrates with supporters in Athens on May 6.
The head of Greece's Left Coalition party, Alexis Tsipras, celebrates with supporters in Athens on May 6.
Authorities of leading world economies are making preparations for the possible fallout from this weekend's Greek elections if radical leftists win, casting doubts over the country's future in the euro zone. 

Officials from the G20 nations said that central banks were ready to take steps to stabilize financial markets, if needed, by providing liquidity and prevent any credit squeeze after the June 17 elections.    

In Europe, authorities also laid plans for tackling turmoil such as if Greeks emptied their bank accounts should the Syriza party, which has promised to tear up the country's bailout deal with the EU and International Monetary Fund, score a decisive victory.   

Syriza leader Alexis Tsipras said the memorandum deal with Greece's international lenders would not last beyond the weekend.

Based on AFP and Reuters reporting
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