Tuesday, June 19, 2012

'Expecting an Election to Solve the Euro Crisis Is Naive'


''When the Greek election results came in on Sunday evening, it felt like Europe breathed a collective sigh of relief. New Democracy's victory, and the prospect of a pro-bailout coalition government with the center-left Socialists, means that a Greek exit from the euro zone appears to have been averted -- at least for now.
According to official results from the Greek Interior Ministry, conservative New Democracy came first with 29.7 percent of the vote, giving it 129 seats, followed by the left-wing Syriza party with 26.9 percent (71 seats). The center-left Socialists (PASOK) came third with 12.3 percent (33 seats). The far-right Golden Dawn party received 6.9 percent of the vote, giving it 18 seats in parliament. New Democracy and the Socialists now look set to form a government that will broadly support the bailout deal with the European Union and International Monetary Fund (IMF), even if they may try to renegotiate the terms..''
THE SPIEGEL INTERNATIONAL

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