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Sunday, June 17, 2012

Daily Political Wire

George Wenschhof

Greece Vote To Determine Austerity Measures - Alexis Tsipras of the SYRIZA party says if he wins, he wants to renegotiate the bailout deal, but keep the currency in the Euro Zone.  His opposition; Antonis Samaras says Greece can not scrap the deal as it would lead to the drachma (Greece currency) and even more uncertainty.

Meanwhile, global banks are bracing for the outcome of the vote today.  You can read more here.

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Turnout Low in Egypt Election - the military engineered election with the help of the high court in Egypt has resulted in a former Prime Minister under the former Mubarak regime; Ahmed Shafik facing an Islamic fundamentalist; Mohamed Morsi.

A choice, many Egyptians are not happy with in their first "free" election.  The court, in a ruling this past week, also dissolved the newly elected parliament which will result in a continued rule by the military after this election concludes today.  You can read more here.

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Socialist Party Expected to Win Majority in French Parliament Election Today -  newly elected President Hollande is expected to gain support of Parliament today.  You can read more here.

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Obama To Attend G-20 Summit in Mexico - expect Syria to be a headliner topic as leaders around the world meet.  Eyes will be on a planned Obama-Putin meeting, previuosly scrapped when newly elected Russian President Putin was unable to attend the G-8 meetings at Camp David.  You can read more here.

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U.N. Suspends Cease-Fire Monitoring in Syria - as it is painfully clear a peaceful resolution to the year old conflict is not being pursued by the Assad government.  You can read more here.

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