Monday, June 18, 2012

Greek cliffhanger victory to New Democracy delays Eurozone exit - for now.

The victory for the pro-bailout parties in Greece came as a relief to global financial markets which had been factoring in a possible break-up of the Eurozone.

But the wafer-thin victory to New Democracy will do little to end the uncertainty surrounding Greece especially with Germany unlikely to ease the austerity that came with the bailout.

Here's my analysis from this morning's edition of AM.

Here's an updated story broadcast on The World Today.

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