By JR on Monday, June 18, 2012
It was a major resurgence for the Greek conseratives but, as in most countries with a proportional representation parliamentary system, a coalition will be needed to achieve an absolute majority in parliament.
It is rather ironic that PASOK seems to be the likely coalition partner. PASOK were once the major party of the Left but have been pushed into center-ground by the emergence of much more Leftist parties. In the circumstances they are unlikely to have much influence so Greece is now firmly in the conservative camp.
Whether that will save them from their Euro problems is another matter but I suppose the best bet is for a "fudge" of some sort. Spain is now likely to be the big problem and it will be a big problem indeed -- JR