Bringing you live news and features since 2006 

New Democracy coalition negotiations will not be straightforward

RELATED TOPICS​

As expected, New Democracy has ‘won’ the Greek election, becoming the biggest party in the new parliament. Now they must try to form a working coalition government, says Barry Norris (pictured), partner at European fund management boutique, Argonaut Capital Partners…



The only credible partner for New Democracy is PASOK, which previously indicated it would only join a government of national unity, including Syriza. With Syriza likely to believe it can strengthen its position further in opposition, forming a working coalition will not be straightforward.

Assuming New Democracy can form a government, negotiations will start with the EU on easing the terms of the bailout, for which there will be some sympathy amongst other Eurozone leaders.

However, whatever deal New Democracy are able to make will be denounced by Syriza. 

There is also a sense in which this result will relieve near term pressure on EU policy makers and central banks for a more radical response to the crisis.

After initial relief, markets are likely to remain in wait-and-see mode and are likely to realise this Greek election result is unlikely to be a significant turning point.  Southern Europe and Eurozone banks remain too risky.  Blue-chips with strong balance sheets, superior business models and attractive dividends remain the stand-out investment in financial markets.

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by