Search
  Europe Tool: Save | Print | E-mail   
Greek ND party leader starts coalition talks
Last Updated(Beijing Time):2012-06-19 08:30

Greek pro-bailout conservative New Democracy party leader Antonis Samaras (L) meets with President Karolos Papoulias in Athens, June 18, 2012. Samaras received from President Papoulias a mandate to form government after his party won the critical Sunday's general election. (Xinhua/Giorgos Karaxalis)

Greek New Democracy party (ND) leader Antonis Samaras will start consultations with other parties' leaders on Monday to form a coalition government, following his party's victory in parliamentary elections.

"I will seek to form a long-term national salvation government coalition with pro-European and pro-euro parties to make the necessary changes to the economic program in order to exit the crisis," Samaras told reporters after receiving the mandate from President Karolos Papoulias to form a coalition cabinet.

Wishing Samaras success, Papoulias said that Greece needs a government as soon as possible. Under the Greek Constitution, Samaras has only three days to form his cabinet.

Samaras is expected to start meetings with, among others, anti-bailout Radical Left Syriza party chief Alexis Tsipras, who campaigned for a radical change to the current painful austerity plan.

The ND won 129 seats in the 300-seat parliament, or 29.66 percent of the vote, beating SYRIZA, which scored 26.89 percent. Due to the failure to win an overwhelming parliamentary majority, it has to seek coalition partners.

Caretaker Prime Minister Panayiotis Pikrammenos will remain in office until a coalition government is formed.

Political analysts in Athens argued that Samaras could form a coalition government with socialist PASOK party that ranked the third and Democratic Left.

If Samaras fails again to clinch a deal, as happened after the May 6 elections, the mandate is handed over to the leaders of the second and third largest parties. In case of an impasse, a third round of election could be held.

Local analysts said that re-election is not very much likely because of mounting pressure from home and abroad for the formation of a government that is expected to curb the debt crisis and to keep Greece remaining in the euro zone.

Pro-bailout New Democracy leads Greek election

The pro-bailout conservative New Democracy party beat the anti-bailout leftist Syriza party in Greece's crucial election on Sunday, according to the updated exit poll released nearly two hours after all polling stations were closed.

Asian markets rebound on Greek polls

Asian markets rebounded on Monday as Greece's pro-bailout party New Democracy winning enough votes to form a government has bought time to prevent a further worsening of the crisis.

Chicago grains up with heartening results from Greek election

Chicago corn, wheat and soybeans all rose sharply on Monday, as the Greek election eased some of traders' concerns for the eurozone and dry weather forecasts were seen as supportive.

Italian markets finally fall in wake of key Greek vote

An improvement in investor sentiment Monday in Italy was short lived, as renewed fears about the eurozone's survival overcame an initial sigh of relief that came after Greek voters narrowly voted to support European Union bailout efforts.

Results of Greek elections boost Philippine stocks

The Philippine stock market again climbed to the 5,000-level as the recent elections in Greece eased concerns about the fate of the debt-ridden Eurozone.

S. Korean shares rebound on pro-bailout wins in Greek election

South Korean shares rebounded on Monday as wins by pro-bailout parties in the Greek election calmed concerns over the chaotic exit of Greece from the euro zone.

Source:Xinhua 
Tool: Save | Print | E-mail  

Photo Gallery--China Economic Net
Photo Gallery
Edition:
Link:    
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2024 China Economic Net. All right reserved