Daily Report: Euro Reaches Two Year Low on Greece

[Exness Support]

Euro drops to new two year low against dollar after the pro-austerity prime minister Antonis Samaras failed, in his third attempt, to secure parliamentary support for his candidate Stavros Dimas for president. Samaras said he would call for election on January 25. Meanwhile, the anti-austerity leftwing opposition Syriza is seen as leading and could win that election. Syriza has openly expressed that they'd want to renegotiate with international creditor Troika to wipe out a big part of the debt and cancel some terms. Some analysts noted that Greece could be in a new turmoil and it's only at an early stage.

 

[Rambo35]

I think Greece will cause more problems and that they may actively pursue and exit which is why they should have been let go years ago before the bailouts. Cut your losses is what forex traders are advised to do and the Eurozone should have done the same.