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Eurowrap 18/06/12

A focus on the key news and analysis surrounding the eurozone crisis

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%.

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Forget the Grexit, focus on Asia 

Wayne Swan wonders why Australia isn''t more focused on Asia, given the rapidly growing share of global GDP being generated on its doorstep?

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Is Grexit good for the euro? 

Some well-placed figures are starting to whisper that Greece leaving the euro might be a good thing after all.

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