International media continue to comment on the forthcoming European Parliament elections and the prospect of Greece’s main opposition Coalition of the Radical Left (SYRIZA) party topping the vote, while also referring to the possibility of early national elections in Greece and the recent upgrading of the country’s credit worthiness by the international credit rating agency Fitch Ratings.
“Four years and three prime ministers after Greece’s then-Premier George Papandreou requested an international bailout, political instability still haunts Greece,” the news agency Bloomberg mentions.
“If the leftist Syriza party wins the election on May 25, as opinion polls project, the blow may undo the coalition led by New Democracy and unravel the fragile progress toward stability,” the agency adds.
Wall Street Journal reactions move in the same direction, observing: “The upgrade comes as Greece prepares to go to the polls Sunday for European parliamentary elections and a second round runoff to local and regional elections. The country could be headed for a fresh bout of political instability, depending on how the two parties forming the coalition government perform this weekend.”
“Though the results won’t alter the coalition’s narrow two-seat majority in Greece’s 300-seat legislature, they will be symbolic for both the government and the main opposition party,” WSJ adds, while referring to the possibility of Greek Prime Minister Antonis Samaras going to early national elections, if his party ranks second.
British news agency Reuters comments on Greece’s upgrading by Fitch, noting: “In line with most other forecasts by international organizations and lenders, Fitch expects the Greek economy to grow for the first time after six years of recession in 2014, expanding by 0.5 percent,” while adding: “The positive comments are a likely boost for Prime Minister Antonis Samaras’ government before it faces its first major electoral test on Sunday.”
“Friday’s upgrade on Greek bonds, from B- to B, was a boost for the country that has been struggling through a devastating financial crisis for the past four years,” U.S. Associated Press mentions.
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