Syriza wins; reaction muted - BBH

FXStreet (Guatemala) - Syriza won the elections in Greece, falling short of a majority by just 2 votes (with 149).

Key Quotes:

"Syriza won 36.3% vs. 27.8% for the centre-right ruling party New Democracy. Syriza quickly formed a government with the Independent Greeks. “The verdict of the Greek people ends, beyond any doubt, the vicious circle of austerity in our country,” said the Syriza leader and new Prime Minister Tsipras."

" Of course, other European leaders have already started to position themselves for a tough period negotiation ahead."

"The reaction was, on net, mostly muted. After a strong early sell-off of Greek stock (especially the banking sector), the Athens index is now down around 1.6%."

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