European shares and periphery euro zone bonds tumbled on Monday after the Greek parliament rejected the government's presidential candidate, setting the stage for an election that anti-bailout party Syriza could win.
Breaking News
Greece's future in the euro zone may hang in the balance once more, but investors believe the market fallout from any current political turbulence can be insulated, unlike during the region's sovereign debt crisis of 2012.
Greek Prime Minister Antonis Samaras announced cuts on Saturday to unpopular taxes introduced at the height of Greece's debt crisis, in a bid to show that over four years of austerity are finally nearing an end.
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