With the Greek elections having come and gone, global markets have seen a little uncertainty taken off the table, but nothing has really changed, beyond a shift in focus. As Antonis Samaras, Sunday?s victor, tries, and probably will succeed, to form a coalition government, a brief rally was derailed by fears over Spain?s solvency, with bond yields rising once again to record levels. The rising rates of non-performing loans, a beleaguered banking sector, and financing needs in Spain will surely keep markets on edge despite New Democracy?s electoral victory on Sunday.
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