EU Summit a Dud, Greek Elections Come Into Focus
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In news out of Europe, the recent meeting of EU leaders produced few new developments. Leaders in France and Italy pressed for euro-bonds, but as expected, German Chancellor Angela Merkel is opposed to this idea.
Eyes are now being focused on elections in Greece on June 17th. Poll there show that the anti-austerity party, Syriza, is tied with the New Democracy party, who support the agreements of the current bailout plan. At this point, there doesn't appear to be much chance to renegotiate the plan, since the Germans are more or less drawing a line in the sand.
Merkel told reporters she wants Greece to remain in the euro, but they have to uphold earlier commitments.
Markets in Europe are moving higher this morning as market players position themselves for more uncertainty.
Traders in American can get access to European markets by investing in the MSCI European ETF (NYSE: VGK) and the Euro through CurrencyShares Euro Trust (NYSE: FXE).
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Eyes are now being focused on elections in Greece on June 17th. Poll there show that the anti-austerity party, Syriza, is tied with the New Democracy party, who support the agreements of the current bailout plan. At this point, there doesn't appear to be much chance to renegotiate the plan, since the Germans are more or less drawing a line in the sand.
Merkel told reporters she wants Greece to remain in the euro, but they have to uphold earlier commitments.
Markets in Europe are moving higher this morning as market players position themselves for more uncertainty.
Traders in American can get access to European markets by investing in the MSCI European ETF (NYSE: VGK) and the Euro through CurrencyShares Euro Trust (NYSE: FXE).
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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