Topics:  contagion, drachma, euro, eurozone, greece, greek election

Euro vs Drachma

If Syriza wins and is able to form a governing coalition, chances rise that Greece may leave the eurozone because of the party's opposition to the 130 billion euro ($162 billion) bailout deal.
If Syriza wins and is able to form a governing coalition, chances rise that Greece may leave the eurozone because of the party's opposition to the 130 billion euro ($162 billion) bailout deal. Jim Eagles

GREECE is preparing to vote in an election that could drastically alter the future course of the debt-ridden country and determine whether it exits the eurozone.

With last month's vote leading to a stalemate, Greeks head back to the polls tomorrow with another tight result predicted.

Opinion polls put the conservative New Democracy party slightly ahead of the far left coalition Syriza.

If Syriza wins and is able to form a governing coalition, chances rise that Greece may leave the eurozone because of the party's opposition to the 130 billion euro ($162 billion) bailout deal.

New Democracy leader Antonis Samaras says a return to the former currency, the drachma, would be a "nightmare".

He has pledged to support the bailout deal that is keeping Greece from bankruptcy.

Read more at ABC news online.


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