Dissent within the Syriza party has reached a fever pitch as lawmakers within the party question the leadership after a new bailout deal was reached with creditors. Alexis Tsipras has been battling mutiny within his own party as his unpopular move to negotiate a new bailout package went against campaign promises. While he remains the most popular politician in Greece, Tsipras’ move to call elections might see the level of confidence from the electorate diminished even though he has managed to navigate through the turmoil and secure a new lifeline for the ailing economy. With creditors paid and reform measures implemented along with recent state asset sales, Greece is poised to begin implementing further policies aimed at growing the economy now that banks will shortly be recapitalized. Although more stable for now, things could change with the upcoming election. The Euro continues to surge higher, showing one of its best rallies in months.
Daily Analysis - 21/08/2015