Official projections in Greece's election show the conservative New Democracy party coming in first. The pro-bailout party could have enough support to form a pro-bailout coalition with Pasok to keep the country in the euro zone.
Athens (AFP) - Greece votes Sunday in a snap general election that could bring the radical left Syriza party to power and pose the most severe challenge yet to austerity policies in struggling eurozone countries.
No one knows who will form the government in Alberta on Wednesday. Pollsters have staked their reputations on an NDP majority government — and, indeed, it’s hard to imagine the Progressive Conservatives winning after running such a disastrous campaign. After 43 years in government, one would imagine they could demonstrate more organizational aplomb than a pen of sad puppies begging for adoption. Regardless, the stage is set for sunset for Canada’s longest-serving government. Few thought they could fail so hard, or so fast.
Greek elections are set for June 17th following the impasse of the last election where no majority government formed.
The "Destroy Greece to Save the Euro" clowns led by German Chancellor Angela Merkel are out in force hoping to turn the vote into a direct referendum on the Euro. The election is of course a direct referendum on the Euro, but Greek citizens are under three Fantasyland ideas.
Three Fantasyland Ideas
Anti-euro parties are on a roll. In a shocking election result in Denmark, Eurosceptic Danish People’s Party Surge in General Election. The eurosceptic Danish People’s Party could become the largest party in a new right-wing government in a shock result that brings David Cameron a powerful new ally in his bid for EU renegotiations.
Preliminary exit polls are not good for the pro-austerity, keep Greece in the Eurozone at any cost coalition as 3 parties vie for top post
An exit poll commissioned by Greek media shows three parties are vying for the top spot in the country's critical parliamentary elections, with no definitive front-runner and none gaining enough votes to form a government.
Throwing Bones to Greece
In the wake of New
Democracy eking out a victory over Syriza in the Greek elections, the
nannycrats are willing to toss a few bones to Greece. For example this
headline on Bloomberg says Euro Chiefs Signal Greek Austerity Softening as Summit Looms.
Only vague references in the article pertain to concessions.
Athens (AFP) - Anti-austerity party Syriza won a historic victory in Greece's election Sunday, partial results showed, setting up a confrontation with the EU over its plans to renegotiate the country's massive bailout.
New Democracy won the Greek election. However, party leader Antonis Samaras still needs to form a coalition.
If this seems like Déjà Vu, it's because it is. We were in the same place following the May election.
Does the Outcome Matter?
This go around, I expect Pasok will reluctantly cave in and form a coalition with New Democracy. The price might be high, such as demanding the much despised Antonis Samaras to step aside.
Regardless, does the outcome matter?