Barroso: Markets expect ND victory in coming elex; reason for higher confidence

5 March 2019
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Former Commission president and current Goldman Sachs chairman Jose Barroso over the weekend echoed recent statements by top European leaders, namely, that Greece must first prove its commitment to agreed to reforms and then lobby for a revision of fiscal targets.

Barroso, speaking at the 4th Delphi economic summit, said this should be the main priority of a government that will arise from general elections in 2019. He also mentioned, in the same statement, the lowering primary budget surplus will reduce high tax rates in the country.

On an even more eyebrow-raising note, Barroso said international markets are showing a greater confidence to the Greek economy’s prospects, because, in part, they are expecting an election victory by main opposition New Democracy (ND) party and Kyriakos Mitsotakis.

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