Canadians should be concerned about Greek election: Queen's University expert
Queen’s University political studies professor Grant Amyot is available to comment Greek elections set to take place on June 17.
Dr. Amyot – who specializes in European politics, European Union, political economy and economic policy – feels Canadians should be concerned about the election because the results may have a great impact on financial markets in Canada.
“If the pro-bailout parties win – and this is the more likely outcome – it will be taken positively by the stock markets, even though continuing austerity will bad for the Greek people. If the anti-bailout parties win, Germany and the other EU countries will be faced with a stark choice: either cutoff the money to Greece and force their exit from the Euro zone, or soften their demands for austerity. There could be period of uncertainty for markets, not just in Europe but across North America,” says Dr. Amyot.
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