Monday, June 18, 2012

Greece Election Vote Leaves Euro in Balance



Although the New Democracy party won the largest share of the vote, it will have to rely on its discredited socialist rivals Pasok to form a coalition government to accept the bail-out, keeping Greece in the single currency.
Both parties, which have ruled Greece for 38 years, are widely blamed for a crisis that has taken the country to the brink of economic collapse. Between them they won only about 40 per cent of the vote. By contrast, parties that opposed the bail-out increased their share of the vote to over 46 per cent, with Syriza, the radical Leftist coalition that wants to discard the agreement, almost winning outright.
Last night, Syriza insisted it would not join any kind of national unity government and promised to provide strong opposition to any pro-bail-out coalition .... http://www.telegraph.co.uk