iHaveNet.com
Greek Elections Yield Pro-Bailout Winner | Greece - Greek Current Events
Your Single Source to Current Events, News Analysis & Reviews.
  • HOME
  • WORLD
    • Africa
    • Asia Pacific
    • Balkans
    • Caucasas
    • Central Asia
    • Eastern Europe
    • Europe
    • Indian Subcontinent
    • Latin America
    • Middle East
    • North Africa
    • Scandinavia
    • Southeast Asia
    • United Kingdom
    • United States
    • Argentina
    • Australia
    • Austria
    • Benelux
    • Brazil
    • Canada
    • China
    • France
    • Germany
    • Greece
    • Hungary
    • India
    • Indonesia
    • Ireland
    • Israel
    • Italy
    • Japan
    • Korea
    • Mexico
    • New Zealand
    • Pakistan
    • Philippines
    • Poland
    • Russia
    • South Africa
    • Spain
    • Taiwan
    • Turkey
    • United States
  • USA
    • ECONOMICS
    • EDUCATION
    • ENVIRONMENT
    • FOREIGN POLICY
    • POLITICS
    • OPINION
    • TRADE
    • Atlanta
    • Baltimore
    • Bay Area
    • Boston
    • Chicago
    • Cleveland
    • DC Area
    • Dallas
    • Denver
    • Detroit
    • Houston
    • Los Angeles
    • Miami
    • New York
    • Philadelphia
    • Phoenix
    • Pittsburgh
    • Portland
    • San Diego
    • Seattle
    • Silicon Valley
    • Saint Louis
    • Tampa
    • Twin Cities
  • BUSINESS
    • FEATURES
    • eBUSINESS
    • HUMAN RESOURCES
    • MANAGEMENT
    • MARKETING
    • ENTREPRENEUR
    • SMALL BUSINESS
    • STOCK MARKETS
    • Agriculture
    • Airline
    • Auto
    • Beverage
    • Biotech
    • Book
    • Broadcast
    • Cable
    • Chemical
    • Clothing
    • Construction
    • Defense
    • Durable
    • Engineering
    • Electronics
    • Firearms
    • Food
    • Gaming
    • Healthcare
    • Hospitality
    • Leisure
    • Logistics
    • Metals
    • Mining
    • Movie
    • Music
    • Newspaper
    • Nondurable
    • Oil & Gas
    • Packaging
    • Pharmaceutic
    • Plastics
    • Real Estate
    • Retail
    • Shipping
    • Sports
    • Steelmaking
    • Textiles
    • Tobacco
    • Transportation
    • Travel
    • Utilities
  • WEALTH
    • CAREERS
    • INVESTING
    • PERSONAL FINANCE
    • REAL ESTATE
    • MARKETS
    • BUSINESS
  • STOCKS
    • ECONOMY
    • EMERGING MARKETS
    • STOCKS
    • FED WATCH
    • TECH STOCKS
    • BIOTECHS
    • COMMODITIES
    • MUTUAL FUNDS / ETFs
    • MERGERS / ACQUISITIONS
    • IPOs
    • 3M (MMM)
    • AT&T (T)
    • AIG (AIG)
    • Alcoa (AA)
    • Altria (MO)
    • American Express (AXP)
    • Apple (AAPL)
    • Bank of America (BAC)
    • Boeing (BA)
    • Caterpillar (CAT)
    • Chevron (CVX)
    • Cisco (CSCO)
    • Citigroup (C)
    • Coca Cola (KO)
    • Dell (DELL)
    • DuPont (DD)
    • Eastman Kodak (EK)
    • ExxonMobil (XOM)
    • FedEx (FDX)
    • General Electric (GE)
    • General Motors (GM)
    • Google (GOOG)
    • Hewlett-Packard (HPQ)
    • Home Depot (HD)
    • Honeywell (HON)
    • IBM (IBM)
    • Intel (INTC)
    • Int'l Paper (IP)
    • JP Morgan Chase (JPM)
    • J & J (JNJ)
    • McDonalds (MCD)
    • Merck (MRK)
    • Microsoft (MSFT)
    • P & G (PG)
    • United Tech (UTX)
    • Wal-Mart (WMT)
    • Walt Disney (DIS)
  • TECH
    • ADVANCED
    • FEATURES
    • INTERNET
    • INTERNET FEATURES
    • CYBERCULTURE
    • eCOMMERCE
    • mp3
    • SECURITY
    • GAMES
    • HANDHELD
    • SOFTWARE
    • PERSONAL
    • WIRELESS
  • HEALTH
    • AGING
    • ALTERNATIVE
    • AILMENTS
    • DRUGS
    • FITNESS
    • GENETICS
    • CHILDREN'S
    • MEN'S
    • WOMEN'S
  • LIFESTYLE
    • AUTOS
    • HOBBIES
    • EDUCATION
    • FAMILY
    • FASHION
    • FOOD
    • HOME DECOR
    • RELATIONSHIPS
    • PARENTING
    • PETS
    • TRAVEL
    • WOMEN
  • ENTERTAINMENT
    • BOOKS
    • TELEVISION
    • MUSIC
    • THE ARTS
    • MOVIES
    • CULTURE
  • SPORTS
    • BASEBALL
    • BASKETBALL
    • COLLEGES
    • FOOTBALL
    • GOLF
    • HOCKEY
    • OLYMPICS
    • SOCCER
    • TENNIS
  • Subscribe to RSS Feeds EMAIL ALERT Subscriptions from iHaveNet.com RSS
    • RSS | Politics
    • RSS | Recipes
    • RSS | NFL Football
    • RSS | Movie Reviews
Greek Elections Yield Pro-Bailout Winner
Andy Dabilis

HOME > WORLD

After two elections and bitter wrangling that divided the country, Greeks have given a narrow victory to the New Democracy Conservatives who supported austerity measures required by international lenders, but without enough of the vote to create a government.

A likely coalition loomed with another pro-bailout party, the PASOK Socialists, which would allow the two parties that have controlled Greece's government for the last four decades to share power.

"This is a victory for Europe," New Democracy leader Antonis Samaras told reporters as his party headed for a narrow win, gaining 29.7% of the vote compared to 26.9% for opposition group Coalition of the Radical Left (SYRIZA). "We will be present in developments from the position of the main opposition party."

The Socialists, under new leader Evangelos Venizelos, a former finance minister who doubled income and property taxes and taxed the poor, finished a distant third with 12.3%. Together, New Democracy and PASOK earned 42% of the vote, an improvement over the 32% the parties earned in the May 6th election.

Combined with the 50-seat bonus in parliament that New Democracy earned by receiving the most votes, the New Democracy/PASOK coalition would hold a 12-vote majority in the 300-seat parliament.

SYRIZA leader Alexis Tsipras, who wanted to tear up Greece's bailout deal with the EU-IMF-ECB Troika, said he won't join any government with New Democracy. Samaras had warned that Tsipras' victory would have driven the country out of the eurozone, back to the drachma, and complete Greece's catastrophe.

Most Greeks -- who said they wanted to remain in the eurozone but despised the pay cuts, tax hikes and slashed pensions imposed on them for two years -- are still opposed to the two traditional parties. Samaras will have to convince a third party among the seven elected to join a coalition so the new government can have any sense of legitimacy, some analysts said.

Venizelos said SYRIZA would have to be included or that the new government could face more of the often violent demonstrations that brought down a previous PASOK government last year.

"Greece's position in Europe will not be put in doubt. Fear will not prevail," Samaras told reporters, and described the results as "a stable foundation for national unity with a European direction." He appealed to political forces "to join a government of national salvation."

Antonis Klapsis, head of research for the Konstandinos Karamanlis Institute for Democracy, the New Democracy think tank, told SETimes, "The Greek people voted in favour of keeping Greece in the eurozone and the EU."

He said that Samaras would likely try to woo the sixth-place finisher, the Democratic Left, which got 6.3% of the vote and 17 seats.

Kostas Ifantis, associate professor of international relations at the University of Athens, said Samaras should do anything in his power to forge a coalition.

"Nothing has changed in terms of the danger of another default or exit from the eurozone and maybe the EU as well," he told SETimes.

Dimitri Sotiropoulos, a research fellow at the Hellenic Foundation for European and Foreign Policy (ELIAMEP) in Athens, said Tsipras is miscalculating if he's waiting for a coalition to fall apart, and said the Troika is more willing to renegotiate with Samaras.

"There's not going to be a quick implementation of deep cuts … with the pro-European results that have been obtained, if our European partners insisted on harsh measures it would undermine the pro-bailout results," he told SETimes.

 

  • Why Angela Merkel Won't Bail Out The Profligate Countries of Europe
  • Europe's Optional Catastrophe
  • European Elites Can't Stop Themselves Crashing Their Own Project
  • The World Isn't Buying Europe's Nonsense
  • Samaras Offers Hope, But is Faced with Uncertainty
  • New Coalition Government Fails to Calm Greek Worries
  • Greek Elections Yield Pro-Bailout Winner
  • Greece Alone and Broke -- Again
  • Greece: One Weak Domino
  • The Futility of European Elections
  • Spanish Austerity Savage to the Point of Sadism
  • Spain, Debt and Sovereignty
  • The Spanish Bank Bailout: Digging a Deeper Hole
  • She Warned Us
  • What Will Make Brits Vote Green?
  • How to Stop London from Burning Again this Summer
  • The Return of Tyranny to Ukraine
  • Greeks Pushed to the Edge by Austerity Measures
  • Bailout of Greek Banks Good, But Not Enough
  • Waiting for a European Santa Claus
  • Culture Still Matters
  • Greece's Balkan Inheritance is Heavy
  • Is Greece European?
  • Let Sleeping Germans Lie
  • Europe's Dilemma: Immigration and the Arab Spring
  • France's Geopolitical Strategy
  • Elections Could Shift European Union Away from Austerity, But Should They?
  • Why France Elected a Socialist President
  • French Elections Lesson
  • Putin's Evolving Strategy in Europe
  • Moscow's Vision for the Backyard
  • Russia's relations with Central and Eastern Europe
  • Britain's Geopolitical Strategy
  • Under Putin, Russian Relations with United States Turn Icy Again
  • Albania Still Working to Dispose of Stockpiled Ammunition
  • Cyprus Gas Drilling Could be Geopolitical Accident Waiting to Happen
  • Europe After the Crisis: How to Sustain a Common Currency
  • Russia's Geopolitical Strategy
  • Kosovo Counting on Strong Support From Turkey
  • Turkey's Geopolitical Strategy
  • Turkey: Twitter Cuts Two Ways
  • Turkish TPAO Starts Drilling in Northern Cyprus
  • Greek Voters Punish Ruling Parties for Austerity
  • In Greek Elections, A Campaign of Fear Prevails
  • Sarkozy's Gaddafi Connection Helps Make His Defeat a Fait Accompli
  • Hollande Beats Sarkozy, Claims French Presidency

 

Distributed via Southeast European Times

 

Search Powered By Google

Google Search   

ADVERTISEMENT

Advertisement

Advertisement

ADVERTISEMENT

Job & Career Search

career & job search                    job title, keywords, company, location
  • HOME
  • WORLD
  • USA
  • BUSINESS
  • WEALTH
  • STOCKS
  • TECH
  • HEALTH
  • LIFESTYLE
  • ENTERTAINMENT
  • SPORTS

World - Greek Elections Yield Pro-Bailout Winner | News of the World

  • Services:
  • RSS Feeds
  • Shopping
  • Email Alerts
  • Site Map
  • Privacy