The latest exit polls show the radical leftist party Syriza in the lead with over 35% of the votes. Syriza has talked of halting austerity and renegotiating the country’s debt which stands at 175% of GDP. In addition, the right-wing Golden Dawn party could possibly take third place.
Some market commentators have said that if Syriza wins the Greek election the financial market impact could be muted because the markets now view Greece as a market which has decoupled from the rest of the Euro zone. This view will soon be tested. What impact this could have on the Swiss Franc remains to be seen.
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