The Greek Elections are over now and the right-leaning New Democracy government won led by Antonis Samaras, who spoke of "a new national unity in a European direction." They still have to form a government and prove stability to the rest of Europe, but this is an encouraging outcome if Greece wants to remain in the Eurozone.
From MSNBC:
Sunday's vote was seen as crucial for Europe and the world, since it could determine whether Greece was forced to leave the joint euro currency, a move that could have potentially catastrophic consequences for other ailing European nations and the global economy. As central banks stood ready to intervene in case of financial turmoil, Greece held its second national election in six weeks after an inconclusive ballot on May 6.
The Eurozone's finance ministers said the outcome 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.
"The Eurogroup acknowledges the considerable efforts already made by the Greek citizens and is convinced that continued fiscal and structural reforms are Greece's best guarantee to overcome the current economic and social challenges and for a more prosperous future of Greece in the euro area," the group said in a statement.
"We congratulate the Greek people on conducting their election in this difficult time," the White House said in a statement. "We hope this election will lead quickly to the formation of a new government that can make timely progress on the economic challenges facing the Greek people."
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