Greek Parliament Votes to Elect New President

The transcript discusses the upcoming vote in the Greek Parliament, where lawmakers will decide on Prime Minister Samaras's presidential candidate. The process involves lawmakers responding with 'nay' for yes or 'present' for abstention. If 101 abstentions occur, the candidate cannot pass in this round. The transcript also explores potential outcomes, including new elections and the rise of the anti-austerity Syriza party, which could impact Greece's economic agreements and investor confidence. The economic implications of a Syriza victory, such as renegotiating bailout terms and potential default risks, are also examined.

How does the voting process work in the Greek parliament as described in the text?

What is the significance of the number 101 in the context of the parliamentary vote?

What are the potential consequences if Prime Minister Samaras does not win the vote on December 29th?

What concerns do investors have regarding a potential victory for the Syriza party?

What would be the implications for Greece if it were to default on its debts to its own central bank?