Citi: ECB QE may limit a risk-off move from the Greek election

Headlines on Bloomberg:

Citi: ECB QE may limit a risk-off move from the Greek election

More – Citi analysis note dated January 25:

• Many aspects of Greek situation are unique
• Direct implications on other euro zone countries are expected to be limited in the near term
• Says the ECB’s recent announcement of quantitative easing probably mutes potential risk-off move
• Syriza’s victory and its explicit radical orientation will likely lead to wider concerns about euro zone political risks, and rise of non-mainstream parties
• Any new Greek government will face significant challenges in balancing likelihood of limited, if any, change in the terms of Troika agreement and popular discontent with austerity