Greece: after austerity in an election year

mnnonline.org - 03-19

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Greece (MNN) – Greece is in an election year. This year, billions could be riding on the result. The International Monetary Fund is keeping a close eye on the races because politicians are in a season of promises. The sitting Prime Minister, in a bid to keep his seat, sounds like he’s about to undo all the gains made by the economy. AMG International’s President and CEO Anastasios (Tasos) Ioannidis explains, “There are the European Parliament elections in May. There are also municipal elections at the same time. Then there are Parliamentary elections for Greece itself. Right now, they’re scheduled for October, but there’s speculation that they would be moved up to May to coincide with the other two elections.”