The euro and European shares and bonds shook off worries on Monday over Greek election winner Syriza's pledge to take on international lenders. BGC Partners Market Commentator Mike Ingram says market reaction following the seismic Greek election result seems largely confined to Greece.

SHOWS: LONDON, ENGLAND, UK (JANUARY 26, 2015) (REUTERS - ACCESS ALL)

1. BGC PARTNERS, MARKET COMMENTATOR, MIKE INGRAM, SAYING:

JOURNALIST ASKING MIKE INGRAM: 'So we'll just start with the reaction to yesterday's results. How are the markets reacting?'

INGRAM: 'Well considering the seismic nature of the election result in Greece market reaction is actually been relatively muted this morning. And it comes of course on the back of a seven day rally in euro stocks equity. So right at this moment EURO STOXX are off about 1 percent. There is a little bit of fall out on the currency, euro initially went a bit weaker, it has since traded up a little bit and bond market again fall out again seems to be largely confined to Greece.'

JOURNALIST: 'The result wasn't entirely unexpected but how much of a blow will it be to the euro zone?'

INGRAM: 'Well the result itself in terms of Syriza becoming the largest overall party isn't a surprise, although the margin of victory very much was. The polls leading up to the election yesterday had indicated a 3 to 4 percent margin for Syriza. In the event they beat New Democracy by over 8 percent. And probably means the chances of forming a stable government are that much higher. But yes I mean it is certainly a blow to New Democracy. I would suggest it is a blow to the political establishment more broadly and of course there are other at the moment fringe political parties elsewhere in Europe who are going to be eyeing this election result quite carefully.'

JOURNALIST: 'Talking about Germany, how are they likely to react to calls for writing off Greek debt and an end to austerity?'

INGRAM: 'With horror I think. I believe one of the German words for debt is guilt and therefore Greece is very very guilty and therefore if they don't pay their debt then they must be punished. Although Greeks will argue they have been punished enough. So yes there is absolutely no sign of any movement at all from Germany at this point in time.'

JOURNALIST: 'Moving onto France now, France is announcing new laws to re-regulate it's retail sector. How significant will that be in terms of the impact it will have on the message it conveys?'

INGRAM: 'I think it is extremely significant because of course the lobbying from that sector has been intense and when push has come to shove the politicians in France have always backed down. So symbolically at least it is very significant. Having said that I think that France will be looking at the situation in Greece and perhaps mischievously using that as an opportunity to go just a little bit slower. Hoping for a new, if you like, grand bargain across the euro zone. Which as I say includes a more coherent economic policy. Something which is a little bit more growth orientated, something which looks at, as I said, the fiscal side of the equation.'