Greece faces snap elections next month that risk severing theinternational lifeline that has supported the country since itsparked Europe's sovereign debt crisis in 2010.

Prime Minister Antonis Samaras said in a live broadcast inAthens today that he will recommend parliamentary elections areheld on Jan. 25, almost 18 months before his coalition's term wasdue to end. Samaras spoke after he failed in his third attempt topersuade lawmakers to back his candidate for head of state, forcingthe legislature's dissolution.

“The government did everything possible to get a new presidentelected and a minority of MPs now drags the country to earlyelections,” Samaras said in remarks broadcast on state-run NeritTV. “I will do everything to guarantee that the country stays onthe path of reforms.”

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.