Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Greek PM faces test in second parliament ballot for president

Published 23/12/2014, 00:17
© Reuters. Greece's PM and leader of ruling conservative New Democracy party Samaras addresses parliamentary group in Athens

By Renee Maltezou

ATHENS (Reuters) - Greek lawmakers vote in the second round of a presidential ballot on Tuesday that could take the country closer to snap general elections and derail talks to end its international bailout accord.

Prime Minister Antonis Samaras, whose term is to end in mid-2016, has offered to bring pro-European independents into the government and hold elections by late next year if they support Stavros Dimas, the only candidate in the race.

But it remains unclear whether the offer will be enough to win the 20 votes from independents and members of the smaller opposition parties he needs to win the final round on Dec. 29.

If parliament fails to appoint a president, a general election must be held by early February, potentially bringing in the leftwing Syriza party, which wants to renegotiate the bailout and write off a large part of Greece's debt.

Spiros Lykoudis, an independent lawmaker who has supported Dimas, believes it would be difficult for the government to win the necessary support after a disappointing first round.

"I don't believe the situation will change dramatically, mainly because, from what they're saying, the opposition parties don't want a president to be elected," he told Reuters.

With financial markets and Greece's European partners watching closely, voting begins at midday (1000 GMT), with the result likely around an hour later. Lawmakers either vote for Dimas or record a blank vote by declaring "present".

While Dimas is not expected to get the 200 votes needed for victory on Tuesday, the result should show whether support for the government has advanced from the first round, when only five independents voted for Dimas, giving him 160 votes.

To become president, he will probably need to wait for the third round when the required super-majority drops to 180 votes, meaning a frantic round of between-vote backroom meetings and telephone calls looms.

Several independents responded positively to Samaras's offer and Greek media calculate that Dimas could garner 169 second-round votes while lawmakers in the ruling coalition said anything over 170 would be a success.

Syriza, whose once-strong opinion poll lead has narrowed in recent weeks, has rejected the government's offer of an accord, saying Samaras feared facing voters.

© Reuters. Greece's PM and leader of ruling conservative New Democracy party Samaras addresses parliamentary group in Athens

Two smaller opposition Independent Greeks and Democratic Left, which between them have 22 seats, have also rejected the deal. They are not considered to have tight control over deputies and several may back the government.

(Writing by James Mackenzie; Editing by Tom Heneghan)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.