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Greek Elections a Choice Between the Euro and Drachma?

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  • Description

    FBN’s Ashley Webster on the potential impact of Greece’s elections.

  • Duration 2:22
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This transcript is automatically generated

But first we go live.

Ashley Webster he's sitting by in Athens right now as the stakes rise ahead of breezes.

National election this Sunday actually.

Yeah hi Cheryl in fact it is now just on 10 o'clock in the evening here in Athens and a rally has just finished behind me.

That was conducted by the lead all the new Democracy Party the Conservative Party and told -- summer rats who told a crowd of many thousands here.

That the election on Sunday he says is a choice between a drug but and the Euro he says an exit from the Euro.

-- -- quote a catastrophe that would take the country back he says.

Fifty years and he said if we clash without partners we will have to quit the Euro.

And he also said that we cannot afford as a country a third round of elections and the Kozey said that because.

Greek voters went to the polls on May sixth but.

That was side and I was unable to create any sort of government a coalition government.

And there is concern the -- that happens this time well from the people we've spoken to they say no it's not gonna happen again they will come up with something this Sunday a coalition government will be -- the question is.

What kind of government will Libya led by the leftist party the jury's out party who say they want to renegotiate with the EU will be EU.

Do that will Greece be forced out many questions of course we've seen some turmoil in the markets -- -- people here.

Taking money out of their bank accounts going into grocery stores and stocking up on canned foods.

All very chaotic but come Monday morning.

Hopefully we'll have a better idea which direction Greece is headed earlier today I went to the guy Athens stock exchange and spoke to the chairman there.

The -- market actually gained some 10% yesterday.

Even on a whiff of a rumor that the Conservative Party was pulling ahead slightly in the polls -- -- that is not confirmed.

But he did push the markets higher the market today here in Athens gained another 2%.

But we'll have to wait and see what happens on Sunday night -- also chairman are you concerned about a run on the banks he said no he -- -- -- we've had a very volatile times on the exchange here.

But he believes that -- the country will stay.

-- -- the Euro and we'll find out in less than 48 hours.

General back to you.

Actually that's a lot force of course an -- since he'll veto throughout the weekend monitoring everything.

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