Jun 18, 2012
Greek Election Gives Euro Currency Another Chance
Written under: Politics
The New Democratic party has just won the elections in Greece, probably averting a meltdown of the Euro currency.
Greek voters narrowly chose the pro-bailout party coalition, led by Antonis Samaras over Alexis Tsipras of the Syriza coaltion.
Samaras’ main platform includes studying and availing the austerity measures proposed by the Eurozone council to aid debt-stricken Greece; as against to Tsipras’ vocal intent to take Greece out of the Euro currency.
Because of this, European leaders have chosen to postpone their G20 summit departure to further analyze the effects of the Greek ballot to the zone’s economy.