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Sun Jun 17, 2012, 04:54 PM

Pro-Euro Party Projected To Win Greek Election [View all]

Source: LA Times

From the Associated Press

June 17, 2012, 1:20 p.m.
The New Democracy party came in first in Greece's election Sunday and immediately proposed forming a pro-euro coalition government -- a development that eased, at least briefly, deep fears that the vote would unleash an economic tsunami.

Sunday's vote was seen as crucial for Europe and the world, since it could determine whether Greece was forced to leave the joint euro currency, a move that could have potentially catastrophic consequences for other ailing European nations and the global economy. As central banks stood ready to intervene in case of financial turmoil, Greece held its second national election in six weeks after an inconclusive ballot on May 6.

With 37.4 percent of the vote counted, official results showed the conservative New Democracy with 30.5 percent of the vote, ahead of the radical anti-bailout Syriza party's 26 percent and the pro-bailout Socialist PASOK with 12.9 percent.

Although official projections late Sunday showed that no party will win enough seats in the 300-member parliament to form a government on its own, Greece's two traditional parties -- New Democracy and PASOK -- will have enough seats to form a coalition together.


Read more: http://www.latimes.com/news/nationworld/world/la-fgw-greek-election-2012,0,2920660.story

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Reply Pro-Euro Party Projected To Win Greek Election [View all]
Purveyor Jun 2012 OP
DCBob Jun 2012 #1
stockholmer Jun 2012 #3
grantcart Jun 2012 #6
stockholmer Jun 2012 #2
grantcart Jun 2012 #4
stockholmer Jun 2012 #10
dipsydoodle Jun 2012 #11
otherone Jun 2012 #13
nineteen50 Jun 2012 #5
TheWraith Jun 2012 #8
nineteen50 Jun 2012 #17
nineteen50 Jun 2012 #7
dipsydoodle Jun 2012 #12
ag_dude Jun 2012 #18
KamaAina Jun 2012 #9
potone Jun 2012 #15
Odin2005 Jun 2012 #14
stockholmer Jun 2012 #16
ag_dude Jun 2012 #19
Odin2005 Jun 2012 #20
ag_dude Jun 2012 #22
Odin2005 Jun 2012 #25
ag_dude Jun 2012 #26
TBF Jul 2012 #27
ag_dude Jun 2012 #24
sad sally Jun 2012 #21
T_i_B Jun 2012 #23