Monday, January 26, 2015

SYRIZA WIN CAUSES JITTERS ON FINANCIAL MARKETS

Greece's anti-austerity Syriza party is vowing to end the 'humiliation and pain' caused by the country's international bailout, after winning the general election.

Leader Alexis Tsipras is now working on forming a coalition - having fallen just short of an absolute majority in parliament.

The result has sent the euro to its lowest level against the US dollar in 11 years, on fears the election result may lead to Greece's exit from the currency.

Mr Tsipras insists he will renegotiate Greece's 2010 bailout - although Brussels and the European Central Bank say Greece must honour its commitments.

Danny Cox of stockbroker Hargreaves Lansdown says a clash is therefore looming.

IN: "Syriza….
OUT: ...Central Bank."
DUR: 22 seconds


ALT:

Danny Cox of stockbroker Hargreaves Lansdown says the Greek vote is bound to lead to a period of instability on financial markets.

IN: "There's a….
OUT: ...this week."
DUR: 20 seconds


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Olly Barratt