Monday, 18 June 2012

Samaras’ victory offers relief but no answers

"So, huge sighs of relief all round. Greece’s New Democracy party, led by Antonis Samaras, managed in Sunday’s elections to head off growing support for the radical left wing Syriza alliance.
Mr Samaras looks set to become Greece’s next Prime Minister.


The Athens ATMs won’t run dry, there will be no sudden reintroduction of drachmas and Greece will happily be able to persuade itself that it remains firmly held in the bosom of Europe. The euro lives to fight another day,"
 writes Stephen King, HSBC Group’s chief economist.



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