Sunday, June 17, 2012

Greece holds key elections over EU bailout

               Greek football fans - some in costume - were cheering a win at Euro 2012 but there is little            enthusiasm for another election

news by bbc:

Voting has begun in Greece for crucial elections which could determine the country's future in the eurozone.
The main contenders, the right-wing New Democracy and left-wing Syriza, are at odds over whether broadly to stick with the tough EU bailout deal, or reject it and boost social spending.
Opinion polls are banned for two weeks before voting but unofficial polls say the result is too close to call.
EU leaders say if Greece rejects the bailout, it may have to leave the euro.
The election, the second in six weeks, was called after a vote on 6 May proved inconclusive.
"Today the Greek people speak. Tomorrow a new era for Greece begins," New Democracy leader Antonis Samaras said after casting his ballot.
"We have conquered fear. Today we open a road to hope," Syriza leader Alexis Tsipras said.
The election marked the start of a new era for Greece as "an equal member of a Europe that is changing", he added.
Sunday's vote is being watched around the world, amid fears that a Greek exit from the euro could spread contagion to other eurozone members and send turmoil throughout the global economy.
Tough austerity measures were attached to the two international bailouts awarded to Greece, an initial package worth 110bn euros (£89bn; $138bn) in 2010, then a follow-up last year worth 130bn euros.

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