Assuming no defects in Pasok or the New Democracy parties, the pro-austerity may just scrape together enough votes to barely piece together a ruling coalition. How long it lasts is another matter as Pasok was humiliated with a third place showing.
Reuters reports Angry Greeks reject bailout, risk euro exit
The latest official results, with over 61 percent of the vote counted, showed the only two major parties supporting an EU/IMF program that keeps Greece from bankruptcy would be hard pressed to form a lasting coalition.
Elections in Greece dominated headlines this weekend, as sweeping rejections for austerity compromised support for leading political parties PASOK and New Democracy. This poses new challenges for European leaders, who continue to de... Read Post
With the Greek austerity vote due to be held in a matter of hours (7:00 AM ET Wednesday), here are two quick and worthwhile reads. First, Kathimerini has a look at where the voting stands now. Of the four PASOK (ruling party) MPs wh... Read Post