Greece heads to early poll
31 December, 2014, 12:00 am
ATHENS, Greece – Greece is heading for early general elections after Parliament failed to elect a new president in a third and final round of voting.
The prospect of early elections has intensified fears over the country’s financial future, causing investors to sell off the country’s stocks.
The coalition government’s candidate for the presidential post, the 73-year-old former European commissioner Stavros Dimas, garnered 168 votes from parliament’s 300 seats – short of the 180 votes needed to win.
The Government now has 10 days to dissolve parliament and declare early elections in a move that some fear could endanger the debt-ridden country’s international bailout.