Greece is the word....

Monday, June 18, 2012 3:09:00 PM Categories: Europe

on everyone's lips at the moment. After a long and drawn out election process the Greeks have shown support for its continued membership of the eurozone, with pro-austerity party New Democracy winning by a narrow margin and they will now attempt to form a coalition government. Leftist political party Syzira, which had been one of the most vociferous opponents of austerity measures, came second-placed.

The results have allayed fears of an imminent exit from the euro by Greece, with markets rising in early trading but falling back over the day to show little gain at the time of writing. This shows that doubts still remain about the state of many European banks so don't get that bunting and balloon set out again just yet.

As always, if you would like to discuss this further please get in touch.


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