Greek elections herald protracted instability
Reported by: AP/UNBconnect
Reported on: May 07, 2012 01:53 pm
Reported in: International
ATHENS, Greece, MAY 7 (AP/UNB) - Bailout-reliant Greece faces days, possibly weeks, of political instability after voters angry at crippling income cuts punished mainstream politicians, let a far-right extremist group into Parliament but gave no party enough votes to govern alone.
With more than 99 percent of the vote counted Monday, conservative New Democracy led with 18.9 percent and 108 of Parliament's 300 seats. Party leader Antonis Samaras, who backs Greece's bailout commitments for austerity, will launch coalition-forming talks later in the day.
But that could prove impossible because even with the support of the only other clearly pro-bailout party elected, Socialist PASOK, New Democracy would fall two seats short of a governing majority.
Sunday's big winner was the anti-bailout Radical Left Coalition, whose unprecedented second place gives it 52 seats.