European flag
Media playback is unsupported on your device
Video

Greece election result fails to quell euro concerns

After fearing the worst, financial markets rallied on the news that the pro-European New Democracy party won the Greek election re-run.

But the euphoria proved short-lived and doubts over other faltering European economies are causing yet more concern.

Yields on Spain's 10-year bonds again rose above seven per cent on Monday morning - the level at which other struggling members of the eurozone were forced to seek full-scale international bailouts.

The BBC's chief economics correspondent Hugh Pym reports.

  • 18 Jun 2012
Go to next video: 'Greeks cannot take any more'