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Greek Prime Minister Fails To Get Enough Votes, Has Less Support Than Expected

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posted on Dec, 17 2014 @ 12:41 PM
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Greek Prime Minister Fails To Get Enough Votes To Elect President, Has Less Support Than Expected



As previewed earlier today, in a vote whose outcome was widely anticipated, Greece's Samaras failed to get enough votes (200) to push through his choice for president, Stavros Dimas.

# GREECE'S SAMARAS FAILS TO GET VOTES TO ELECT PRESIDENT: TALLY

# GREECE'S SAMARAS LOSES FIRST OF THREE DEC. VOTES ON PRESIDENT


As a reminder, this is the first of three votes, in which the candidate needs 200 votes. ND and PASOK have together 155 seats in the Parliament, and they expected to win some votes from independent MPs and possibly also some votes from Independent Greeks and Democratic Left MPs. According to Greek media, the government expects to win a total of 162-165 votes for Dimas in the first round.

The final vote: 160 For, 135 Against, and 5 Abstain. This is a problem because the whisper number was around 170 for the 3rd round vote to be even remotely close.

Up next is the second round vote when the threshold once again is 200, which will take place on December 23, with the vote limit dropping to only 180 votes in the third and last round of voting on December 29.

Should the Parliament fail to elect Greeceā€™s next President, the Parliament dissolves and snap elections are due. That's the "worst case" scenario for the statists as Goldman warned previously of a "Cyprus-Style Prolonged Bank Holiday" And considering the direct urging from none other than Juncker telling Greeks not to "vote wrong" perhaps chosing the "wrong president" is precisely what the long-suffering country needs.


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As if there wasn`t enough economic doom on the horizon with Russia being in turmoil and the junk bonds which can explode because of the low oil prices, even disregarding the other poor economic data which is emerging from The World theatre, Greece revolting against the austerity would have some serious blowback for the EU and by so the World economy.




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