Pro-bailout party wins Greek election

Rick Moran
The sound you hear is the collective exhale of breath from the continent of Europe. The pro-bailout party in Greece has won a narrow plurality in the parliamentary elections held on Sunday. New York Times: Greek voters on Sunday gave a narrow victory in parliamentary elections to a party that had supported a bailout for the country's failed economy. The vote was widely seen as a last chance for Greece to remain in the euro zone, and the results had an early rallying effect on world markets. Greece's choice was welcomed by the finance ministers of the euro zone countries, who in a statement on Sunday night in Brussels said the outcome of the vote "should allow for the formation of a government that will carry the support of the electorate to bring Greece back on a path of sustainable growth." While the election afforded Greece a brief respite from a rapid downward spiral, it is not likely to prevent a showdown between the next government and the country's so-called troika of...(Read Full Post)

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