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Greece Calm Before Sunday’s Election
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FBN’s Ashley Webster on the upcoming elections in Greece and how they will impact the country’s future with the EU.
- Duration 2:02
- Date Jun 15, 2012
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FBN’s Ashley Webster on the upcoming elections in Greece and how they will impact the country’s future with the EU.
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Latest dynastic what's the mood like in the streets there ahead of office.
Well -- I think for the average -- they just want something to get down there in the fifth straight successive year of recession.
Unemployment -- the latest numbers -- 22 point 6% private sector salaries down some 20%.
And now -- getting reports of hospitals running out of money in workers not getting paid all little.
A very ugly pictures so in today's time they'll go back to the polls for another general election.
And hopefully get a leader that can do something at this point the leftist -- the reason partly under Alex's -- Is in a neck and neck fight a close with a conservative new democracy potty in the -- this party wins they have.
Run a campaign essentially an anti austerity and there are concerns of that stand could indeed force Greece out of the eurozone what would happen from that.
We don't know concerns of contagion so much so that the central bank's last night announced that they outstanding ready to act by pumping in more liquidity into the system.
But we'll have to wait and see what happens in the meantime.
For the average person on the street here they say they just want life to get better of course.
Whether it's under the Euro although a drop but some people say we don't care we just won a -- life but they understand -- -- still many years ahead.
Of hard economic times but to be very interesting as you say the world is watching.
It's an effect not only hearing Greece in the eurozone but it will have an impact.
On economies around the world we told the -- contagion that domino effect.
So be very -- -- see how all of this plays out the last time -- went to the polls on May -- they could not come up with a coalition government.
So that really is not an option this time around and as we say the latest poll showed the Conservative Party and the leftist party in a neck and neck race so obviously lot to.
That's study and obviously will be here throughout the entire period to see what happens on Sunday Diane back to you.
A very important election no doubt -- you're glad you there to keep an eye --