Relief over Greek elections set to be short-lived

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International currency specialist HiFX is warning that the initial reaction of relief to the results of the Greek elections will be short-lived.

Director Jason Gaywood says of the election and the wider issues facing the EU, "Politicians globally have lauded the Greek election result as the best way forward for Greece, the EU and the world economy. Markets, too, have signalled relief as the pro-austerity right wing New Democracy Party gained enough votes to form a Government. Just. Only time will really tell however if Greece can drag itself out of the mire from here but the odds remain stacked against both Athens and the Eurozone as a whole and sooner or later, the fundamental question has to be asked as to whether we can realis...

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