Markets recover after Europe polls

Press Association
Stock exchange
Stock exchange

Stock markets have recovered around the world following an early stumble caused by election results in France and Greece that appeared to jeopardize Europe's plans for fighting its debt crisis.


Greek voters over the weekend punished mainstream politicians who had backed cost-cutting plans demanded by the country's international lenders, leaving the country without clear leadership. In France President Nicolas Sarkozy was thrown out in favour of Socialist Francois Hollande, who pledged "to finish with austerity."