Greece Election Results: More Questions than Answers :: Edelweiss

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Greece snap election was held on 25th January. The Syriza party won 149 of the 300 seats in the Greece parliament with the party leader; Alexis Tsipras who became the prime minister.

Syriza made following promises in campaigns:

• Basically, Syriza branded itself as the anti-austerity party. Syriza promised an end to austerity measures. It has also pledged to re-negotiate the terms of the multiple bailouts Greece has received in the past few years with the hope to delay debt repayments or even have the some of the debt written off.
• They have also promised to renegotiate Greece`s debt agreements, indicating that they will be looking at writing off 1/3rd of Greece`s debt (more than Euro 300 bn of debt).
• The party wants as much Greek government debt as possible to be written off; this debt is mainly held by German and French banks.
• Syriza also wants to boost wages & pensions in Greece and ramp up public spending to provide benefits to the poor.

This report answers following questions:

• What are problems in Greece?
• What were the promises made by Syriza Party in campaigns to win elections?
• Why there are talks of Greece exiting Eurozone?
• What If Greece Exits from Eurozone?
  • Effect on Greece
  • Effect on Other EU Countries
  • Effect on Currency and Bond Market
  • Effect on Equity Market
  • Effect on Commodity Markets
• What agreements with creditors would Syriza need to reach to keep Greece afloat?
• How much time is there to avoid a Greek debt default or banking crisis?
• If a compromise can be found - enough reforms, enough austerity, enough debt relief - will Greece be saved?
• Which scenario has more probability?

LINK
https://www.edelweiss.in/research/Greece-Election-Results-More-Questions-than-Answers/10005482.html