Thursday, August 20, 2015

Greek PM to resign, seek snap election in September

News
Tspiras resignation may seal support for a bailout over the short-term, but the third, fourth, or more more bailout changes nothing. The Greek crisis will only worsen as the global contraction becomes obvious in 2016.





Headline: Greek PM to resign, seek snap election in September

Greek Prime Minister Alexis Tsipras will resign on Thursday to pave the way for early elections on Sept. 20, government officials said, hoping to quell a rebellion in his leftist Syriza party and seal support for a bailout program.

Tsipras's decision to return to the ballot box after seven bruising months in power deepens political uncertainty on the very day Greece began receiving funds under its third bailout program with foreign creditors.


more

----------------------------------

Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.