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Greek election aftermath, Russia's rating cut and mixed news from Microsoft


Business Line

Greek election aftermath, Russia's rating cut and mixed news from Microsoft

Anti-austerity party SYRIZA won the Greek election on its promise to renegotiate the enormous bailout with the country’s international creditors.

Greeks voted for an end to the painful measures that have brought deep cuts to pensions, pay and jobs since the crisis started.

Discussions about the country’s debt frequently start with the presumption that it cannot be repaid.

The Euronews business correspondent in Athens, Symela Touchtidou, explains if it really is unsustainable.

We also look at another troubled economy – Russia – and its new reality after of the ratings agencies downgraded Moscow’s sovereign credit rating.

The corporate world has its share of problems too. Under the spotlight in our IT segment is Microsoft, whose second quarter results disappointed investors it did come up with some “Wow factor” with the HoloLens, an Augmented-Reality headset capable of projecting holograms.

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