Greek govt faces a tougher vote to stay in power

Author: Mike Paterson | Category: News

The 20 August confidence vote will be tougher than this morning's bailout decision

The conservative New Democracy party have said they will not vote in favour of the current regime. No surprises there but it does mean that Tsipras & Co could be heading out of the door once the bailout agreement is secured

A no confidence vote will mean early elections and it will be down to the people of Greece to return Syriza to power

That uncertainty will be likely to help give a reality check to the bailout good-vibes/relief sentiment

EURUSD currently 1.1136 with bids around 1.1125 holding so far

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