…as election stalemate sees pro-bailout parties struggle to reach agreement that could save the euro
UK Daily Mail
June 18, 2012
Greece is today starting a three-day race against time to form a viable coalition government which could ultimately decide the fate of the euro.
The centre-right New Democracy party will try to ally itself with other parties backing the international bailout after a narrow election victory over the left eased fears of a sudden exit from the single currency.
The euro rose and European stocks opened higher after yesterday’s vote.
The FTSE-100 is 0.22 per cent up at 5,478.81; France’s CAC 40 is 1.82 per cent up at 3,087.62; and Germany’s DAX is 1.48 per cent up at 6,229.41.
New Democracy party leader Antonis Samaras pledged to move swiftly to form a government, telling supporters: ‘There is no time to waste’.
This article was posted: Monday, June 18, 2012 at 2:34 am