AIRLINK 76.15 Increased By ▲ 1.75 (2.35%)
BOP 4.86 Decreased By ▼ -0.09 (-1.82%)
CNERGY 4.31 Decreased By ▼ -0.03 (-0.69%)
DFML 46.65 Increased By ▲ 1.92 (4.29%)
DGKC 89.25 Increased By ▲ 1.98 (2.27%)
FCCL 23.48 Increased By ▲ 0.58 (2.53%)
FFBL 33.36 Increased By ▲ 1.71 (5.4%)
FFL 9.35 Decreased By ▼ -0.01 (-0.11%)
GGL 10.10 No Change ▼ 0.00 (0%)
HASCOL 6.66 Decreased By ▼ -0.11 (-1.62%)
HBL 113.77 Increased By ▲ 0.17 (0.15%)
HUBC 143.90 Increased By ▲ 3.75 (2.68%)
HUMNL 11.85 Decreased By ▼ -0.06 (-0.5%)
KEL 4.99 Increased By ▲ 0.12 (2.46%)
KOSM 4.40 No Change ▼ 0.00 (0%)
MLCF 38.50 Increased By ▲ 0.10 (0.26%)
OGDC 133.70 Increased By ▲ 0.90 (0.68%)
PAEL 25.39 Increased By ▲ 0.94 (3.84%)
PIBTL 6.75 Increased By ▲ 0.22 (3.37%)
PPL 120.01 Increased By ▲ 0.37 (0.31%)
PRL 26.16 Increased By ▲ 0.28 (1.08%)
PTC 13.89 Increased By ▲ 0.14 (1.02%)
SEARL 57.50 Increased By ▲ 0.25 (0.44%)
SNGP 66.30 Decreased By ▼ -0.10 (-0.15%)
SSGC 10.10 Decreased By ▼ -0.05 (-0.49%)
TELE 8.10 Increased By ▲ 0.15 (1.89%)
TPLP 10.61 Decreased By ▼ -0.03 (-0.28%)
TRG 62.80 Increased By ▲ 1.14 (1.85%)
UNITY 26.95 Increased By ▲ 0.32 (1.2%)
WTL 1.34 Decreased By ▼ -0.02 (-1.47%)
BR100 7,957 Increased By 122.2 (1.56%)
BR30 25,700 Increased By 369.8 (1.46%)
KSE100 75,878 Increased By 1000.4 (1.34%)
KSE30 24,343 Increased By 355.2 (1.48%)

Greek Prime Minister Alexis Tsipras on Sunday said he would call a confidence vote in his government after his coalition ally quit, leaving him bereft of a parliamentary majority and raising the possibility of snap elections. Earlier, Greece's right-wing defence minister resigned in protest at a deal ending a long running dispute with Macedonia over its name, saying he was taking his other six ministers in cabinet with him.
The crisis left the fate of a 2018 deal changing the name of Macedonia to North Macedonia in limbo. Greek parliamentary endorsement of the name is required for the tiny Balkan nation to join the European Union and NATO. Macedonia's parliament has already ratified the accord with a constitutional amendment.
Outgoing Defence Minister Panos Kammenos's Independent Greeks party had seven MPs, enough to get Tsipras's administration past the threshold of 150 deputies in the 300-member parliament. Tsipras's Syriza party has 145 seats and also the support of one independent lawmaker.
"I have taken my decision and have informed the president of parliament that we will immediately move to the process outlined by the constitution for the renewal of the confidence in my government," Tsipras told journalists. The confidence vote is expected to take place later this week and parliamentary speaker Nikos Voutsis proposed Jan. 16. Kammenos said he would not support Tsipras in the vote.
Syriza is trailing between eight and 12 points behind the main conservative New Democracy party, which also opposed the deal with Macedonia, in pre-election polls. A firebrand leftist, Tsipras was elected in 2015 on a platform of anti-austerity but was forced into a third international bailout to bring back Greece from the brink of bankruptcy. The country exited a bailout programme in mid-2018. Kammenos, who forged a coalition pact with Tsipras in 2015, never concealed his hostility to the deal with Skopje.

Copyright Reuters, 2019

Comments

Comments are closed.