Sunday February 23, 2020

Worst case scenario avoided as Greece forms new government

A degree of calm returned to the markets this week after the formation of a new Greek government led by the pro-bailout parties of New Democracy and Pasok.

23rd June, 2012
Vincent Killeen of Bank of Ireland Global Markets.

A degree of calm returned to the markets this week after the formation of a new Greek government led by the pro-bailout parties of New Democracy and Pasok. The result meant that Greece avoided the worst-case scenario that could have led to Greece exiting the euro. The new prime minister Antonis Samaras has been given a clear mandate to renegotiate the memorandum of understanding with the troika to ease the conditions of its bailout deal.

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