Greek vote fails to derail Europe's ECB-driven share rally


LONDON - Greek stocks fell in volatile trade on Monday after anti-austerity party Syriza swept to victory in Sunday's election, while other European equities kept rising on the promise of European Central Bank bond-buying.

Greek vote fails to derail Europe's ECB-driven share rally 3:48pm GMT

* QE optimism contains damage in markets (Updates with detail, quotes, prices)


Greek leftist Tsipras sworn in as PM to fight bailout terms 2:56pm GMT

ATHENS - Greek left-wing leader Alexis Tsipras was sworn in on Monday as the prime minister of a new hardline, anti-bailout government determined to face down international lenders and end nearly five years of tough economic measures. | Video

Greek government allies agree on little beyond battling bailout 2:55pm GMT

ATHENS - Just about the only thing that binds Greece's new leader Alexis Tsipras with his new government ally Panos Kammenos is an aversion to the country's tough economic bailout terms.

S&P sends early warning shot to Greece's Syriza 2:52pm GMT

LONDON - Standard and Poor's sent an early warning shot to Greece's new government on Monday, saying it could downgrade its sovereign credit rating even before its next planned review date in mid-March if things go badly.


EU open to later Greek debt repayment, not forgiveness 1:55pm GMT

BRUSSELS - Europe showed a willingness on Monday to give Athens more time to pay its debts, but little sign that it would yield to a new Greek government's demands for debt forgiveness.

Greece must keep dealing with deficit, meet commitments - Cameron 1:31pm GMT

LONDON - British Prime Minister David Cameron wants Greece's new government to keep tackling the country's budget deficit and to meet its international commitments, his spokeswoman said on Monday, after leftist Syriza won an election.


European markets shake off Syriza win in Greece 12:50pm GMT

LONDON - The euro and European shares and bonds shook off worries on Monday over Greek election winner Syriza's pledge to take on international lenders, a strong sign of confidence in the ECB's new money-printing programme. | Video


Greek vote is a rejection of failed plans, not austerity - Osborne 12:33pm GMT

LONDON - The Greek election result is not a defeat of austerity but a defeat of failed economic plans and should act as a reminder to Britain that it needs to stick to what it is doing, Chancellor George Osborne said on Monday.


Germany - no debt haircut for Greece but bailout extension an option 12:00pm GMT

BERLIN - The German government stuck to its view on Monday that a third haircut, or debt restructuring, for Greece was out of the question but opened the door to a possible extension of Greece's current bailout programme.