Monday, 7 May 2012

Austerity Loses As Greece's Fringe Parties Win Big

Austerity Loses As Greece's Fringe Parties Win Big : NPR: "According to exit polls, angry Greek voters have overwhelmingly punished the two major parties that endorsed draconian international loan agreements. There is no front-runner in sight, but the fringe parties on the left and the right that strongly oppose the bailout terms have benefited the most. The socialist PASOK and the conservative New Democracy parties that have alternated for four decades — and uneasily co-governed for the last six months — are imploding." 
... According to the Greek electoral law, the party that wins the most votes gets a bonus of 50 seats in the 300-seat parliament. So, despite what appears to be their extremely poor results, PASOK and New Democracy might be able to scrape through and continue their governing coalition.


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