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Significance
Radical leftist Syriza and centre-right New Democracy (ND) are neck-and-neck as they near the September 20 election finishing-line. Neither has viable solutions for Greece's economic woes other than the third rescue package agreed between Greece's creditors and the then Syriza Prime Minister Alexis Tsipras in July.
Impacts
A coalition between Syriza and centre parties would recapitalise the banks, but resist cuts in incomes and structural reforms.
If ND comes first, it too will seek centrist support to recapitalise the banks, pursue privatisations and facilitate private investment.
Small centre parties would result either in unstable majorities with Syriza or ND, or a fragile Syriza-ND grand coalition.
Keywords:
Greece,
EUR,
economy,
politics,
debt,
election,
government,
party,
policy,
reform,
industry,
banking,
legislation,
pensions,
privatisation,
public sector
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2015
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