World leaders ponder euro options
Jun 19 2012
David Cameron will join world leaders meeting in Mexico to push for a long-term solution to Europe's economic turmoil after a "very bad crisis" was avoided when Greeks rejected anti-bailout proposals in crunch elections.
Right-wing New Democracy's victory was too narrow for it to form a government without support but the eurozone hailed the result as the basis for a new administration backing reforms leading to growth.
With 97% of ballots counted, anti-austerity party Syriza was defeated with 26.9% of the vote by New Democracy on 29.7%, with Pasok in third place at 12.3%.
Antonis Samaras, leader of the right-wing party, branded the result a "victory for all Europe" despite failing to secure enough votes to form a government. He said voters had shown they wanted to "stay anchored" in Europe and called for all political parties that shared that objective to form a coalition. The British coalition said it would work with "whatever Greek government is formed".
Former chancellor Norman Lamont said Syriza's failure at the ballot box had probably delayed a "very bad crisis" but warned "nothing underneath has changed very much".
Mr Lamont told Sky News: "I think there will be a certain amount of relief that what some people would see as the worst outcome has been avoided and you are not going to get confrontation between a Syriza-led government and the eurozone. But I think in reality nothing underneath has changed very much. Very few people believe Greece is in a tenable position for the long term but at least an immediate very bad crisis has probably been put off."
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