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Euro Showed No Reaction to the Syriza Victory in the Greek Election

Euro Showed No Reaction to the Syriza Victory in the Greek Election

Bradley Kearns, Contributor

Talking Points:

  • The Euro unaffected as the Syriza party wins the Greek Election
  • Syriza party forming coalition to hold majority of seats in parliament
  • Expectation may be for a smooth implementation of bailout measures

The Euro was little-changed against the US Dollar after the Syriza party won the Greek election. Alex Tsipiras will return as Prime Minister as his party won 36 percent of the votes. With a win, the party is projected to have the plurality of seats in parliament. In order to control the majority, Tsipras is in the works on forming a coalition with the Independent Greeks party. With the Syriza party poised to control parliament, the markets may expect a smooth implementation of the country’s bailout measures.

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