ATHENS (Reuters) – Greece’s government brought forward on Monday a crucial presidential vote by two months to next week, in a surprise gamble aimed at ending political uncertainty that has hung over the country for months.
The decision came after euro zone finance ministers said they were in favour of granting Greece its request for only a two-month extension to its bailout programme, a boost for Prime Minister Antonis Samaras who has been pushing for an early exit from the programme which is deeply unpopular in Greece.
Parliament’s vote to select a new president, the first round of which will be held on December 17 instead of February 15 as previously scheduled, could trigger early elections if Samaras fails to get his candidate for president elected.
He needs the support of 180 lawmakers in the 300-seat chamber to scrape through the vote – support he does not currently have.
However, officials and analysts said the move to bring forward the vote was a sign that the coalition government, which has 155 lawmakers in parliament, has improved prospects of securing the level of support it needs to survive.
Greek law stipulates that parliament must be dissolved and new elections called if parliament cannot elect a president.
“The market’s sentiment is that the prime minister is now more certain that he will find the 180 MPs, as the government tries to put an end to political uncertainty,” Beta Securities analyst Takis Zamanis told Reuters.
The decision effectively throws down the gauntlet to nearly two dozen independent law-makers sitting on the fence, allowing Samaras to argue they have a choice on whether to side with his pro-bailout government to lead Greece out of the woods or usher in a new period of uncer-tainty with snap elections and the potential victory of leftist radicals who have vowed to tear up the bailout.
Government officials said the move by euro zone ministers to grant Greece a two-month ex-tension to its bailout rather than settle for a six-month extension that Athens objected to, was a boost, giving the country just enough time to wrap up a delayed bailout review before it exits the programme for good.
“There is a positive momentum right now and we are optimistic.
“We can’t let political uncertainty prevail,” a government official told Reuters.
Samaras has yet to announce his candidate for the presidency. The vote will be held over three rounds, with the final round expected late December.
Samaras had been staking his survival on exi-ting the unpopular EU/IMF aid programme by the end of this year, but the plan ran into trouble as Athens and its lenders haggled over next year’s budget.
Greece still needs to resolve the final bailout review with its lenders and finalise details of the bailout exit, including the conditions tied to an interim, post-bailout programme.
By holding the presidential vote while those negotiations are still going on, the government appears to be gambling that it has a better shot of securing support now rather than leaving it to February and allowing a period of general political malaise to continue.