Euro falls sharply on Syriza victory

money_20150105_euro_sculpture_European_Central_Bank_840_545_100The euro fell as low as $1.1098 – the lowest level against the dollar in more than 11 years. Syriza leader Alexis Tsipras has pledged to renegotiate Greece’s debt with international creditors. He has also vowed to reverse many of the austerity measures adopted by Greece since a series of bailouts begun in 2010. “The troika for Greece is the thing of the past,” he said after the election result, referring to the country’s biggest international lenders – the European Union, International Monetary Fund (IMF) and European Central Bank (ECB). Read Full Article

Categories: EU - Euro Eurozone, Europe, Global Economy - Markets - Finance, Greece

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