VICTORY! Conservative New Democracy party sweeps Greek elections
Fears of Greece seceding from the euro are momentarily quelled
The economic world can stop holding its breath - for the time being. The
New Democracy Party, a conservative political faction has swept the
elections in Greece, that many fear would have left the euro other wise.
For Greece to leave the ailing euro system would be disastrous for
Europe, the United States and eventually the entire world. These fears
were allayed when the New Democracy party came first in a critical
election. Pro-bailout parties had also won enough seats to form a joint
government.
New Democracy leader Antonis Samaras has vowed to renegotiate some of the bailout's harsher terms, but says his top priority is for the country to remain in Europe's joint currency. He advocates keeping the euro and not returning to Greece's old currency, the drachma.
The election was seen by many in the world community on whether Greece should stay in the 17-nation joint euro currency. With 82.5 percent of the vote counted, official results showed New Democracy winning 30 percent and 130 of the 300 seats in Parliament. The 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.
In addition, 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.
All of these parties, with radically differing ideologies have drastic opposing views about what to do about the $300 billion in bailout loans that Greece has been given by international lenders, coupled with the harsh austerity measures that previous Greek governments had to accept to get the funds.
New Democracy leader Antonis Samaras has vowed to renegotiate some of the bailout's harsher terms, but says his top priority is for the country to remain in Europe's joint currency. He advocates keeping the euro and not returning to Greece's old currency, the drachma.
"The Greek people today voted for Greece to remain on its European path and in the eurozone," Samaras said. "(Voters chose) policies that will bring jobs, growth, justice and security."
The party that comes in first, New Democracy gets the first stab at forming a new majority in Parliament. If they fail, the next highest party gets to try.
PASOK's Evangelos Venizelos has suggested dumping the practice of each party seeking coalition partners. He said a government must be formed quickly and suggested one between New Democracy, Syriza, PASOK and the small Democratic Left.
"There is not one day to lose. There is no room for party games. If we want Greece to really remain in the euro and get out of the crisis to the benefit of every Greek government, it must have a government tomorrow," Venizelos said.
© 2012, Catholic Online. Distributed by NEWS CONSORTIUM.
- - -
Pope Benedict XVI's Prayer Intentions for January 2013
General Intention: The Faith of Christians. That in this Year of Faith Christians may deepen their knowledge of the mystery of Christ and witness joyfully to the gift of faith in him.
Missionary Intention: Middle Eastern Christians. That the Christian communities of the Middle East, often discriminated against, may receive from the Holy Spirit the strength of fidelity and perseverance.
Keywords: New Democracy Party, Greece, elections, bailout, euro, Syriza
NEWSLETTERS »
Rate This Article
1 - 4 of 4 Comments
Leave a Comment
More Europe News
- Historic Meeting between Pope Francis and Coptic Patriarch, Tawadros II, Fosters Christian Unity.
- Pope Francis Shakes up the Ambassadors Meeting and Addresses Economic Issues
- AU CONTRAIRE! Economic crisis has been 'pulling European public opinion apart'
- Pope Calls Whole Church to Encounter Jesus Christ Personally Through the Holy Spirit
- France ponder one percent 'Internet tax' to fund domestic computer production
- Pope Francis Canonizes 802 Saints: 800 Martyrs of Otranto and Two Latin American Foundresses
- Growth in Number of Catholics Worldwide, Along with Priests and Deacons
- Scientists confirm that Roman Empire was destroyed by plague
- Unemployed youth in Greece now above 60 percent
Featured News
- Fr. Paul Schenck: Finding Living Faith on Catechetical Sunday
- The Movie Yellow: Incest as 'Normal' and Cassavates's Slides Into the World of Woes
- The Chicago School Teachers Strike Reveals the Need For School Choice
- The Sexual Barbarians and the Dissolution of Culture
- The Happy Priest Challenges Us to Ask: Who is Jesus to Me?
- Michael Coren on Canadian Public Schools: Teachers, leave those kids alone
- We Cannot Ignore Our Consciences: Cardinal Dolan On Religious Liberty
- In the Face of Danger, Successor of Peter Travels to Lebanon as a Messenger of Peace
- Reflections on the Dignity and Vocation of Women: Who or What?
Most Popular
Editorial: Is the Scandal Ridden Obama Administration Becoming a House of Cards? Read More
Did God make junk? Scientists say 98 percent of human genome is junk Read More
There's the problem! Americans are out of touch with scientific consensus on climate change Read More
Courageous Cardinal Seán Patrick O'Malley Will Not Attend Boston College Commencement Read More
Sex In Uniform: Why the Increase in Sexual Assaults in the Military? Read More
Daily Readings
Reading 1, Acts 28:16-20, 30-31
On our arrival in Rome Paul was allowed to stay in lodgings of ... Read More
Psalm, Psalms 11:4, 5, 7
Yahweh in his holy temple! Yahweh, his throne is in heaven; his ... Read More
Gospel, John 21:20-25
Peter turned and saw the disciple whom Jesus loved following ... Read More
Saint of the Day
St. Pope John I
May 18: St. John I, Pope and Martyr (Feast day - May 18) A native of ... Read More
Latest Videos
Pope to Pontifical Missionary Works: Your work is still relevant View Video
Pope rails against dictatorship of the economy View Video
May Crowning of the Virgin Mary - St Philip The Apostle Catholic Church View Video
St Thomas Aquinas Catholic School Visit to Ogwen Cottage May 2013 View Video
May 17 - Homily: St. Paschal, Profound Love For The Eucharist View Video
Marketplace
Crown of the World - Book 1: Knight of the Temple Read More
Saint Christopher Baptismal Necklace. Confirmation, Communion Gift Ideas. Read More




Print















Without any mention of life or Catholic issues, the headline proclaims "victory" because a conservative party has one (who knows what being Greek conservative means?). This only leads to dismissing Catholic Online as a Republican front group.
While it appears that "democracy" won in Greece, it was/is not by an "absolute majority" which, it seems to me will be a problem. (A country divided will not stand; in time, it will disintegrate.) Hopefully, the new leader, with his "30%" (more-or-less) "victory" can rally more of the people to his side via prudent (just and right) decisions!
Here is a video about this election that has good advice for Greece. http://www.youtube.com/watch?v=dOUIexPG5Ws&feature=relmfu
Looks like a Loss to me. Greece will be forever enslaved to the debt money system as long as they stay in the euro. They should get out of the euro, issue their own currency based on population (strict amount per person no more no less) not on gold, oil, or any commodity, to never use a private central bank instead print debt free money at no interest, and enact a law for the federal gov. to never borrow money. This is the only solution that would work other wise Greece and all other nations using Central Bank debt money systems are doomed to fail. Watch the "Money as Debt" series and "The Secret of Oz".