After the “positivity” over the actions of the ECB last week, news from Greece over the weekend that the anti-austerity Syriza party has won the election has caused some Monday morning jitters on the financial markets. However the reaction to this news has not been as dramatic as it would have been a couple of years ago. With Asian markets fairly mixed, so far equity markets in Europe are only around 1% to 1.5% lower, whilst the euro remains weak anyway. With a general acceptance that the European banking system is far better capitalised now, this may reduced the bargaining power on the Greeks as and when they come ... (full story)