EFFICIENT MARKETS

Now the market is ok with the Syriza win in Greece

At first the market was totally cool with the anti-austerity Syriza party taking over Greece’s government. Then it began to freak out when—lo and behold—newly installed prime minister Alexis Tsipras formed an anti-austerity government. But now that Tsipras & Co. have actually laid out their plans for restructuring Greece’s debt (again), the market has calmed down a bit. So it’s been a volatile couple of weeks.

ATHEX-Composite-index-Change_chartbuilder (1)
FTSE-ATHEX-Financial-Services-index-Change_chartbuilder (1)
Greek-10-year-bond-yield-Change_chartbuilder (1)

Nobody really knows for sure what’s going to happen in Greece. Quartz itself is divided: Tim Fernholz thinks Syriza is going to get its way, and Kabir Chibber does not. Two more charts to remind you of the stakes: Greece’s unemployment rate…

Greek-unemployment-rate-Data_chartbuilder

…and Greece’s GDP growth.

Cumulative-Greek-GDP-change-since-2008-peak-Data_chartbuilder

 

home our picks popular latest obsessions search