The Greeks go to the election booth this Sunday. Some argue that the Euro-zone will, again, be under threat from the outcome of these elections.
A central risk factor, UBS argue, is the political landscape after the Greek general elections this Sunday. According to recent opinion polls, party political support in Greece has fragmented significantly over the last six months or so, with voters appearing to have moved support away from the two major parties (New Democracy and PASOK) in favour of the smaller parties. Why is this a problem? The problem is that many of these smaller parties want to renogiate the deal with the IMF and, guess what, the IMF is in no mood to negotiate anything..