If Greece's popular anti-austerity Syriza party is elected in January, there are fears that the country's international bailout could be put in jeopardy.
The party has promised to scrap Greece's tough austerity policies if it gets into power. The unpopular cost-cutting measures are a condition of the country's bailouts —worth 240 billion euro ($296 billion)—implemented by the International Monetary Fund, European Central Bank and European Commission.
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Although Greece is nearing the end of its aid program, the country still needs to implement further austerity measures in order to receive the last tranche of aid from lenders – something that could be jeopardized by a Syriza win.
"Investors are concerned that... it is highly likely that anti-austerity party will become the ruler of the country and this will be a major threat for the country's remarkable progress which is running a current account surplus now," chief market analyst at Ava Trade, Naeem Aslam, said Monday.
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Although Greece looks to be on track for a primary budget surplus in 2014, the country is battling with public debt of 175.5 percent of gross domestic product (GDP), according to the European Commission. It also has an unemployment rate of around 26 percent, which rises to around 50 percent for young people.