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?
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.
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
Sticking with quotes from the Guardian Live Election Blog, New Democracy leader Antonis Samaras "Will Honour Commitments to the EU".
Samaras summarised his speech in English:
His party would honour commitments to the EU.
It was a victory for all Europe.
A call for all political parties that share objectives to form government.
Sacrifices of Greek people will be reflected.
Chancellor Angela Merkel led her conservatives to a stunning victory in Germany’s election Sunday, a personal triumph that cements her position as Europe’s most powerful leader. However, she will need to reach out to center-left rivals to form a new government after her coalition partner crashed out of Parliament.
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.
A lot has happened in the two weeks since Democrat Senator Tom Harkin (D-Iowa) announced he wouldn’t seek re-election in 2014, and most of it is good news for fellow Iowan and Republican Congressman Steve King. And King has none other than Karl Rove to thank for it.