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- Fitch Ratings: the snap election in Greece could have a negative impact on the success of the third bailout programme
Fitch Ratings: the snap election in Greece could have a negative impact on the success of the third bailout programme
Fitch Ratings said on Friday that the snap election in Greece could have a negative impact on the success of the third bailout programme.
"A September election would occur before the first programme review in October and may well hamper and delay the technical work and political decisions necessary for its completion. Relations with creditors appear to have improved in the run-up to the bailout agreement on 14 August. But the likely pause in legislating for reforms during the election campaign coming so soon after the agreement was concluded may rekindle or reinforce some creditors' concerns about Greece's ability to meet the programme's requirements," the agency said.
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