Weekly Economic Briefings > Eurozone Weekly Economic Briefing > Eurozone

While the result of Sundays Greek election is too close to call, the outcome is unlikely to have any immediate implications for the bailout as both Syriza and New Democracy have pledged to honour the agreement. Nonetheless, Greece undoubtedly faces a rocky future and it will be no mean feat for both Greece and its creditors to ensure that the third bailout lasts its entire planned duration.Meanwhile, one side effect of the Feds dovish tone has been the rise in the euro. The rise is unlikely to be too much of a worry for the ECB for now other news this week has on the whole confirmed that the recovery remains on track. Nonetheless, if expectations of future Fed rate hikes are scaled back further, the euro could continue to strengthen,increasing the pressure on the ECB to expand its QE programme in some form or another.