Euro back in spotlight as European voters reject austerity

French and Greek election results have spooked investors, as strong opposition to austerity reignites fears over the future of the single currency.

In Greece, the majority of citizens voted for anti-austerity parties, such as the conservative New Democracy, while Socialist Pasok, which has dominated Greek politics for almost four decades, plummeted in popularity. Meanwhile French citizens voted in their first Socialist president Francois Hollande, who has promised to up government spending to stimulate the economy. Markets sold off this morning following the election results. The Euro Stoxx 50 was down 1.24% to 2,255, while the French Cac slipped 2.03% to 3,149 and the German Dax fell 1.07% to 6,492. On Greece According to ...