European equity markets have dipped this morning after anti-EU party Syriza swept to victory in the Greek elections yesterday.
Equity markets that had soared at the end of last week following quantitative easing plans from the European Central Bank (ECB) took a pause today following Syriza’s win.
Far-left party Syriza had vowed to fight the austerity imposed on Greece by the EU and the International Monetary Fund (IMF), reviving the spectre of Greece leaving the eurozone.
While Syriza had been predicted to win, topping most polls in the build-up to the election, markets have still taken a slight dip this morning.
The Greek market is down by nearly 5 per cent and most other European stock markets have moved marginally into the red.
