Euro and stocks rise on Greek election results

Asian markets have reacted positively to the results of the Greek elections, which indicate that pro-bailout parties could form a ruling coalition.

Major markets rose by between 1 and 2% in early trading on Monday and the euro rose by as much as 1% against the US dollar.

The conservative New Democracy party, which has supported the EU/IMF bailouts, topped the Greek poll, reassuring markets.

But Professor Joseph Cherian from the National University of Singapore Business School says there are still many hurdles to overcome in the eurozone's debt crisis.