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Europe Takes Greek Election Result in Stride, As British Airways Owner Lifts Offer for Aer Lingus

1/26/15 8:08 AM EST
Greece’s anti-austerity party Syriza swept to victory in Sunday’s general election, on a promise to renegotiate the terms of its European Union and International Monetary Fund bailout – although it is still two seats short of a parliamentary majority. So far the major European markets have taken this supposed threat to the Eurozone in their stride. That more relaxed mood was helped by the publication of a German business confidence index, showing a better than expected rebound from the lows reached in October. Commodities-heavy London index hit by renewed fears of slowdown in China, but airlines give it a lift as Britain’s International Consolidated Airlines puts in revised $1.53 billion bid for Irish carrier Aer Lingus.

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