IFO business climate index in Germany

There’s Greece, and There’s the Rest of the Euro Area

January 26, 2015

Markets reacted with concern to a resounding victory of the Leftist anti-austerity Syriza Party in Greek parliamentary elections over the weekend.  The 10-year Greek sovereign debt yield jumped 33 basis points, and Greek share prices have fallen 3.5% after initially losing 5.6%.  One member of the ECB Governing Council reiterated that there can be no […] More