Markets React Well To Greek Election
Published / Last Updated on 17/06/2012
Markets React Well To Greek Election.
Following support for pro-bailout parties in Greece's elections, European markets have risen.
New Democracy, which came top, has backed the two bailouts of Greece by the European Union (EU) and International Monetary Fund (IMF). There had been fears that if anti-bailout party Syriza had won, Greece could have been forced out of the euro.
France's main Cac index was up 1.8%, while Germany's Dax added 1.5%. Japan's Nikkei 225 index and South Korea's Kospi both closed up 1.8%, while Australia's ASX 200 added 1.9% and the UK's FTSE 100 was up 1.3%.