Monday, 26 January 2015

Euro falls sharply on Syriza victory

Euro falls sharply on Syriza victory


The euro has fallen sharply against the dollar after the anti-austerity Syriza party won the Greek general election. The euro briefly fell as low as $1.1088 - the lowest level against the dollar in more than 11 years. Syriza leader Alexis Tsipras has pledged to renegotiate the terms of Greece's €240bn bailout and reverse many of the austerity cuts. But he said his government wanted a negotiation, not confrontation, with its international lenders.

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