So this morning the market is celebrating the fact that Greece is not going to go bust this week! The result
At one point the FTSE 100 was up around 10%.
I've gone short the index simply because nothing has changed soince Friday....OK...the Greek vote went the way the world politicians wanted.....but..hey ho...what do that do for the UK economy!....ZILCH!
The result of the Greek election gives the pro-austerity conservative and socialist parties enough votes to form a fragile and awkward ruling coalition!
Oh and by the way......also at the weekend elections the French Socialist party won a commanding parliamentary majority, giving President Hollande the power to tax and spend to his heart's desire.........
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