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Fears of an imminent Greek exit from Europe's joint currency receded Sunday after the conservative New Democracy came first ...
in critical elections and pro-bailout parties won enough Parliamentary seats to form a joint government. (June 17)
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[Location - Date:ATHENS --AP VIDEO -- JUNE 17][Source:][VO:][INSERT: Wire Copy]Fears of an imminent Greek exit from Europe's joint currency receded Sunday after the conservative New Democracy came first in critical elections and pro-bailout parties won enough Parliamentary seats to form a joint government. 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. With one party advocating ripping up Greece's multi-billion euro bailout deal, the election was seen as a vote on whether Greece should stay in the 17-nation joint euro currency. A Greek exit would have had potentially catastrophic consequences for other ailing European nations, the United States and the entire global economy. With 82.5 percent of the vote counted, official results showed the conservative New Democracy winning 30 percent and 130 of the 300 seats in Parliament. The radical anti-bailout Syriza party had 26.6 percent and 71 seats and the pro-bailout Socialist PASOK party came in third with 12.5 percent of the vote and 33 seats. The anti-immigrant nationalist Golden Dawn party had 6.9 percent and 18 seats, while the Democratic left won 6.1 percent and 18 seats. The parties have starkly different views about what to do about the €240 billion ($300 billion) in bailout loans that Greece has been given by international lenders, and the harsh austerity measures that previous Greek governments had to accept to get the funds. New Democracy leader Antonis Samaras cast Sunday's choice as one between keeping the euro and returning to Greece's old currency, the drachma. He has vowed to renegotiate some of the bailout's harsher terms but insists the top priority is for the country to remain in Europe's joint currency. "The Greek people today voted for Greece to remain on its European path and in the eurozone,'' Samaras said after his party won. "(Voters chose) policies that will bring jobs, growth, justice and security.'' Syriza chief Alexis Tsipras, who had tapped into a vein of deep anger over the plunging living standards faced by many Greeks, had wanted to rip up Greece's international bailout deals and roll back the new taxes, job cuts and pension cuts imposed in the last two years.(****END****) ANCHOR VOICE: -------------------------VIDEO PRODUCER: ned barker---------------------------VIDEO SOURCE: ap video-----------------------VIDEO APPROVAL: ned barker----------------------------VIDEO RESTRICTIONS: none----------------------------------MARKET EMBARGO (S): none--------------------------------SCRIPT/WIRE SOURCE: a0751222BC-EU--Greece-Election, 21st Ld-Writethru,879