On opening after the long bank-holiday weekend, the FTSE 100 index dipped by 0.1% before edging back to trade up by 0.1%. Political uncertainty returned to the eurozone after socialist Francois Hollande beat current president Nicolas Sarkozy in the French presidential election, and the general election in Greek failed to produce an outright winner.As both results indicated a public and political sea change against austerity, the eurozone sovereign debt crisis entered a new chapter - sending markets within the single currency bloc into chaos.
To know: Europeans voted for change in various elections held over the weekend; in France, the Socialist candidate Francois Hollande beat incumbent President Nicolas Sarkozy, while in Greece, far-left and far-right parties won seats... Read Post
Europe is facing a fresh economic crisis after France rejected austerity and elected a tax-and-spend socialist president. Nicolas Sarkozy suffered a humiliating defeat at the hands of Francois Hollande, who ran on a platform of tear... Read Post