“Sunday’s election could be a significant day for Europe…”

The campaign may have resembled a “political circus”, but Sunday’s general election in Greece could see the leftist Syriza, led by former communist Alexis Tsipras, emerge as the leading party – but in search of a partner-in-government [We’ve been there before! – Ed].  Indeed.  Although, they could still achieve a majority… In the meantime, the Irish Times highlights a report from Standard & Poor, “European Sovereign Creditworthiness Might Diminish If Eurosceptics Take Power”.  From the Irish Times report In a report assessing the rise …

Read more…

Euro crisis: “This time it’s really, really serious…”

European Commission President José Manuel Barroso is off to Greece for “a regular meeting” with Prime Minister Antonis Samaras.  His first visit to Athens since June 2009.  Meanwhile, the rising cost of Spanish and Italian Government borrowing has prompted a declaration of intent from European Central Bank president Mario Draghi. “To the extent that the size of these sovereign premia hamper the functioning of the monetary policy transmission channel, they come within our mandate,” Mr Draghi said in a speech at the Global …

Read more…