Eurowrap 18/06/12

A moment’s respite in Europe


A win by New Democracy is only a short-term positive for Greece.

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Here”s the scariest number from the Greek election 

David Zervos explains how despite the fact that a pro-bailout coalition might be feasible after last night”s Greek result, the anti-bailout faction is as popular as ever, as well.

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Europe”s post-Greece relief rally has already completely vanished


For example, Italy”s FTSE MIB index, after starting off higher – in part due to some relief from the Greek election – is now down 0.1%.