A Greek Cliff-Hanger

The Euro got a reprieve after the pro-bailout parties in Greece managed to secure a slim parliamentary majority in the Sunday election, easing concerns that the country would be forced to leave the Euro bloc.

At home, the BoE announced the activation of its extended collateral term repo facility. The current week will be action-packed with several key economic releases playing out. The BoE meeting minutes take centre stage on Wednesday.

Disappointing macro economic data across the Atlantic has provided further ammunition for supporters of QE3. World leaders meet at the G20 summit today to formulate strategies to prioritize growth and address the Euro debt crisis.

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