Why are markets higher in the US and skyrocketing in Europe?
It appears there may be some faint hopes of a coalition government.
This is from DJFXTrader
This question of forming a government, and whether Greece will or will not have elections again in a few weeks is a huge deal.
If Greece can’t form a government, and elections take place, the odds are that the far left party will win and will not go along with any demands whatsoever, forcing a true showdown with the rest of Europe over Greece’s membership in the monetary union.
It’s still very likely that that’s what will happen: another election and a left wing government. But any glimmer of stability is good news for the markets.
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