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Greek Vote Eases Immediate Fears


Date: Tuesday, June 19, 2012
Author: Brian Bollen's Blog

Marcus Svedberg, Chief Economist at East Capital

East Capital argues that the outcome of the Greek election was as good as could have been hoped for but whilst the initial market reaction was positive, many analysts remain sceptical as the situation is not deemed sustainable:

East Capital argues that many analysts remain sceptical as the situation is not deemed sustainable and problems are expected to resurface at some point;

Marcus Svedberg states that Antonis Samaras and his coalition partners support the bailout package, but they will most likely try to negotiate the terms;

East Capitalís Jacob Grapengiesser has a positive take on the election result suggesting that it was a large step in the right direction. He suggests Pasok will form a majority government with Syriza the opposition which is positive news for the market.