Five Charts Show Tough Job Facing Next Greek Prime Minister

  • GDP expected to fall 1.4% in 2015 reflecting capital controls
  • Recapitalizing banks will be top of new government's agenda

Lawmakers Votes On Bailout Deal In Greek Parliament

Yorgos Karahalis/Bloomberg
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Whoever wins the elections in Greece on Sunday faces an unenviable task. Far from the spoils of victory, the country’s next prime minister -- likely to be either Syriza’s Alexis Tsipras or New Democracy’s Evangelos Meimarakis -- will be rewarded with a damaged economy, near-record unemployment and crippled banks.

The first review of Greece’s third aid program, signed by Tsipras last month just before he called the ballot, begins in October. The new premier will have to oversee the recapitalization of banks and keep the budget and state-asset sales program on track. He’ll have to do this against the backdrop of an economy that will probably be feeling the squeeze from the imposition of capital controls at the end of June.