Greece skids, oil recovers: Are Greek politics about to unnerve financial markets again

Greece skids, oil recovers: Are Greek politics about to unnerve financial markets again? That's what many were left thinking overnight with PM Antonis Samaras bringing forward a vote on who will be the nation's next President. With only 155 members in his coalition and 200 votes required, Samaras must find a further 45 votes to ensure the appointment is approved. In what is troubling markets, should the parliament fail to agree on three separate occasions it will trigger a snap general election, potentially opening the door for anti-austerity party Syriza to take power. Greek stocks fell 12.78%, the largest percentage fall on record, with yields on shorter-dated government debt surging above those for benchmark 10-year bonds, a clear sign of financial market stress. The first Presidential vote occurs on December 17. (VIEW LINK)