Global Markets Confident Election Results Won't Produce Risks
Global markets believe that there will be minimal bailout perils concerning Greece and its upcoming snap elections on Sunday.
Unicredit analyst Tullia Bucco described in a report, "Irrespective of which parties end up forming a coalition, Greece is most likely to head towards a period of relative political stability."
Bucco added, "The new government will fulfill the commitments undertaken with its lenders, having understood that the country 'would not be saved at any cost' as EU Commission President [Jean-Claude] Juncker recently said."
As of today, the yield for 10-year Greek government bonds were down 18 basis point and finalized at 8.26%. At the start of election campaigning, the figure marked 9.2%.
(Source: Reuters)
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