17 Jun '12, 10pm

Pro-Bailout Groups Give Hope to the EU and Markets

Pro-Bailout Groups Give Hope to the EU and Markets by healthytrader on June 18, 2012 As of 3am Singapore time, exit polls have shown that pro-bailout groups of the New Democracy and Pasok political groups will be able to form a majority coalition ruling government, sending waves of stabilisation, possibly, ahead of further renegotiation of talks. There are several possible scenarios by tomorrow morning with the Japanese market first to open. Note that the Japanese finance ministry had adopted a wait-and-see policy before tweaking fiscal or monetary policy to further tackle the global slowdown emanating from Europe. Pro-bailout parties win and agree to form the majority Pro-bailout parties win but fail to agree on forming a coalition party. Similar to the above, failure to form a majority. Syriza gains control and Greece reneges on their obligations over the last 2 bailouts...

Full article: http://thefinance.sg/2012/06/18/pro-bailout-groups-give-h...

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