Much of the attention was put on political turmoil in Greece and Italy last week as regime change has raised the uncertainty of implementation of austerity measures, thus affecting the outlook of the sovereign debt crisis in the 17-nation Eurozone. Greece has eventually announced an interim government will be formed under the leadership of Lucas Papademos, former ECB Vice President. The foremost thing the new government need to complete is to ratify the EU bailout plan passed in October 26.
Excerpt from:
Weekly Fundamentals – Commodities Higher but Downside Risks Remain on Uncertainty in Eurozone
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