Monday, June 18, 2012

Greece Poll: Pro-bailout Party's Narrow Win Hailed

BBC: World leaders have welcomed the narrow election victory of Greece's broadly pro-bailout New Democracy party and urged Athens to form a cabinet quickly.

The eurozone group said reforms were Greece's "best guarantee" to overcome tough economic and social challenges.

European markets reacted positively, rising in early trading after Asia had also recorded gains.

The Syriza party, which rejected the bailout terms and came a close second, said it would lead the opposition.

With 99.9% of ballots counted, interior ministry results put New Democracy on 29.7% of the vote (129 seats), Syriza on 26.9% (71) and the socialist Pasok on 12.3% (33). There are 300 seats in parliament and Greece has a rule that gives the leading party 50 extra seats.

Greek voters had gone to the polls on Sunday following inconclusive elections in May. New Democracy leader Antonis Samaras said Greeks had chosen to stay in the euro and called for a "national salvation government".

Syriza's leader Alexis Tsipras said his party would not take part in the government, and would instead become a powerful anti-austerity voice in the opposition. » | Monday, June 18, 2012