Renewed uncertainty over Europe's sprawling debt crisis following elections in Greece and France weighed on stock markets Monday, with the main exchange in Athens down a massive 8 percent at one stage.
Gold Surges As Greece Crashes - Eurozone Debt Crisis Part II Cometh Gold jumped 2.3 percent to a six-week high yesterday as sharp falls on stock markets globally led to renewed demand for gold as a haven.
With significant advancements in the Greek debt saga, it is worthwhile for the Greek stakeholders and banking sector to retract back to events that gave rise to the crisis. The events first sparked in 2009, resulting in significant changes to the economic and financial environment. The Greek have battled a severe drain on their income ever since the onset of instability in the country; economic instability has considerably blurred future prospects.
Athens (AFP) - Anti-austerity party Syriza won a historic victory in Greece's election Sunday, partial results showed, setting up a confrontation with the EU over its plans to renegotiate the country's massive bailout.
Alexis Tsipras’s Syriza party defeated Prime Minister Antonis Samaras’s New Democracy to place first in Greek elections, exit polls showed, after a backlash against years of budget cuts demanded by international creditors.