As reported by Market Leader (US)
On May 6th Greece held parliamentary elections, which became crucial for the destiny of the eurozone. The thing is that there was a political split in the newly-formed Greek government, which suggested that there was little chance of forming a viable coalition. The former coalition of “New Democracy” and PASOK needed 2 more seats to win the parliamentary majority and to continue their austerity plan approved by the EU and international financial institutions.
The President of Greece is now trying to save the day by forming a “government of national salvation”. However, SYRIZA, the party that won the second place in the elections, stays adamant and is not going to compromise with the EU and those Greek politicians who bow to Brussels’ wishes. Read more...
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