Eurozone Crisis: "Nobody Could Have Predicted…"
Joe Weisenthal:
Deutsche Bank On Greek Elections - Business Insider: Markets are really getting hammered to start the week: The euro is getting whacked. US futures are getting hit. The Aussie dollar is at its lows of the year. Oil is tanking. It's now below $97/barrel.
So what's up? Greece, basically.
In a note out tonight, Deutsche Bank's George Saravelos explains why the outcome in Greece is, in his words, "a significant market-negative surprise." Basically, the two big pro-austerity parties got a stunningly low 32% of the vote, meaning that the overwhelming intention of voters was "anti-programme" (against the existing austerity deal). That makes it extremely unlikely that the current cuts-for-bailouts deal can go ahead easily.
