Tuesday, June 19, 2012

GREECE - Pro-Bailouts Win Election, Now What?

"Greece's Respite Met With Cautious Optimism" PBS Newshour 6/18/2012

Excerpt

JEFFREY BROWN (Newshour): Europe cleared a major hurdle Sunday, as voters in Greece decided to stick with their bailout. But, today, new obstacles loomed on the road to the continent's financial security.

From newsstands in Athens, to the G20 summit at a Mexican resort, to financial markets, the election results from Greece were felt worldwide. Political parties who support staying in the European currency union and accepting the international bailout of Greece managed to win a majority in parliament on Sunday.

Antonis Samaras and his conservative New Democracy Party led the field with nearly 30 percent of the vote. He set to work today on forming a governing coalition likely with the Socialist Party.


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