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Entries in New Democracy (2)

Sunday
Jun172012

Official Projections Show Conservative New Democracy Defeats Anti-Bailout Syriza

Hemera/Thinkstock(NEW YORK) -- Greece's conservative New Democracy party defeated the leftist Syriza party in its Parliamentary elections on Sunday, official projections showed, results that are likely to ease global fears the country will leave the euro zone and disrupt world markets, the New York Times reports.

Neither party is expected to win enough votes in the 300-member Parliament to form a government, but official projections showed that New Democracy and and the socialist Pasok party would earn enough seats to form a coalition. Projections gave New Democracy 29.5 percent and 128 seats and Syriza, who vowed to repeal Greece's austerity measures, 27.1 percent and 72 seats. Pasok followed with 12.3 percent and 33 seats. Under Greek law, a coalition would need at least 151 seats to create a coalition, according to the Times.

New Democracy won the Greek elections on May 6, but had failed to form a government with its former opponents, the Socialists. The parties are under intense pressure now, however, to form a coalition as the country is expected to run out of money to meet expenses in July, the paper says.

Copyright 2012 ABC News Radio

Sunday
Jun172012

Greece Syriza and New Democracy Parties Neck to Neck in Election 

iStockphoto/Thinkstock(NEW YORK) -- Preliminary exit polls in Greece show that the election is neck to neck, with the left-wing, anti-austerity Syriza party earning 27 to 30 percent of the votes, and the conservative New Democracy party earning 27.5 to 30.5 percent of the votes.

The parties are at odds over whether to continue with the tough European Union bailout deal, or reject it and boost social spending. Leaders fear a rejection of the bailout deal could devastate the euro and wreak havoc on the global economy.

Results are expected later on Sunday afternoon.

Copyright 2012 ABC News Radio







ABC News Radio