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Europe Day Ahead: Greek pro-bailout vote rally short-lived

Monday, June 18, 2012 - 03:31

June 18 - Greek politicians are facing the challenge of forming a new coalition government from parties with very different agendas.

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And relief increases pro bailout election vote proves short lived as financial markets quick contend that focus on the Euro -- underlying problems explained in particular. Madrid's ten year borrowing costs pushed to fresh record highs above seven point 2%. The Scottish government will test investor sentiment again this week featuring some three billion euros in bills on Tuesday another two billion in bonds on Thursday. As -- posse leaders attempt to put together a new coalition government some conciliatory noises have been emerging from that -- mosque is in Germany. -- signaling that it may be willing to ground happens more time to meet its deficit cutting targets provided Greece sticks to its program of reforms. When I thought as -- truffle in -- that's forming a new government presents Greece's politicians but the complex challenge. What -- democracy got the most votes in this election but now of course they -- a government -- -- right now speaking with possible coalition partners. The radical left three categories that they do not wanna be a part of this the democratic left has just told Reuters. They got will support a pro European coalition. If they've renegotiate the terms of the bailouts are very much moving story this one. Greece has emerged in a region catastrophe now it's got a -- -- -- how someone explained it sets via Aaliyah. At the -- probate upon his senate have won the day but I need to force back government and they need to forge a government is gonna have a huge opposition in terms of the strength of beyond the radical left party will mustering -- the course. -- -- the bailout conditions. The people of that country more and more that while we had a worse. Like for European leaders looking to -- let's figure meltdown. It's going to be touch and go for a while this is clearly a deeply divided society here in groups. But Kevin Johnson I'm gonna Buckley is among the leaders gathering in Mexico for the G-20 summit is not a surprise that Europe's debt crisis -- once again dominate proceedings. Well Paulus will -- pressure on the Europeans to come with a lasting strategy to save the Euro and the financial turmoil. And if they do come out with one that would be even more of a surprise. Well fed policymakers as kick off that two day meeting on -- stay with few observers expecting any change you don't rates or quantitative easing this time round. This relief and Washington on the green folks has averted a so called draft from the get and from now. And to -- back merit -- -- capital markets says recent US data suggest another round of QB is not immediately pressing. It's probably uncertain now without incidentally that situation knowledge the Fed would really do more. If they -- to do more than they were probably just them enhance their twist operation. But I think it's still very unlikely that the Fed at that particular attention now would do another round of quantitative easing that would probably be on the later in the year. Well I -- with a look ahead to Tuesday's action in the Euro 2012 football tournament Ukraine will be hoping for a better outcome and how how cohosts -- who already out. Ukraine face England whose supporters will be hoping to see that star striker Wayne Rooney back in action. Rooney missed the first two matches in the competition thanks to a time for bad behavior. Also in the group stage from its lineup against Sweden wins would put both England and France through Sweden for that cost off heading home whichever way it goes it. That's all from Aspen -- would you join us each weekday morning from Reuters today a snapshot of the latest world news market headlines and social media -- I'm not just in recent days as -- that's.

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Europe Day Ahead: Greek pro-bailout vote rally short-lived

Monday, June 18, 2012 - 03:31