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Greece faces race against time to form coalition government

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…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’.

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This article was posted: Monday, June 18, 2012 at 2:34 am

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