SYRIZA leader Alexis Tsipras called the draft electoral law a New Democracy (ND) ploy to take the country to elections, during a debate in Parliament on Thursday.
The market reacted positively to the announcement of early elections due to the historic victory of New Democracy with a difference of 9.5 points against SYRIZA on Sunday’s European Parliament elections.
The Greek stock market rallied, and especially banks, after the historic outcome of Sunday’s European elections which saw conservative party New Democracy trounce leftist SYRIZA. The market opened upward with gains of 5.8%. The General Index is already moving at 770.25 points, recording an increase of 5.22%.
Greek Prime Minister Alexis Tsipras on Friday morning indirectly cited the possibility of a snap election, essentially for the first time during his more than four-year tenure - during an appearance on a morning news program on the state broadcaster.