Greece’s Prime Minister Antonis Samaras spooked investors on Thursday. Greek lawmakers had been due to vote in a new president in February but Samaras moved the vote forward in an attempt to force parliament to back his candidate for the presidency and, in turn, his pro-austerity policies. It’s a big gamble: If Samaras loses that vote, it could trigger a general election, which he would likely lose. The victor – according to the opinion polls – could be the left-wing, anti-austerity Syriza party. That outcome would raise fears about Greece repaying its debts. And it could once again re-ignite a wider crisis of confidence in the euro.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.