Right-wing party will win Greek elections - iPredict
Traders are also picking Greece to remain in the eurozone, US President Barack Obama to be re-elected and a Liberal party win in Australia next year.
Users of the online trading market iPredict think Greek voters will back the centre-right New Democracy leader in forming a government after next weekend's election.
Traders are picking the party to win 97 of the seats in Greece's 300-strong parliament.
The rest of the coalition will be made up of the centre-right Independent Greeks with 27 seats, and the far-right Golden Dawn party with 17.
This means the centre-left Panhellenic Socialist Movement, according to traders, will pick up 36 seats and may back New Democracy over the main opposition party, the Coalition of the Radical Left, who are expected to win 73 seats.
The prediction of a centre-right win also reduces the likelihood that Greece will exit the eurozone because that government would support austerity reforms.
The probability a Greek exit happening this year is 36%, with traders giving the possibility of any country leaving the euro a 40% chance.
However, the probability of at least one nation leaving before the end of 2014 is 65%.
In other international elections, Mohamed Morsy of the liberal Freedom and Justice Party is expected to win the Egyptian presidential election, while US President Barack Obama is expected to be re-elected.
For Australia's election next year, a Liberal/National Coalition is strongly backed to win under leader Tony Abbott.
Caleb Allison
Thu, 07 Jun 2012
Thu, 07 Jun 2012
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Right-wing party will win Greek elections - iPredict
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