Greek election 'should herald greater stability'

18 June 2012

Increased levels of stability should characterize the eurozone following the Greek general election.

That is the view of the respective presidents of the European Commission and the European Council - Jose Manuel Barroso and Herman Van Rompuy - who have welcomed the result of yesterday's (17 June) poll.

It emerged last night that the New Democracy party - which supports the acceptance of an international bailout - had garnered more than 29 per cent of the votes, with the anti-bailout alternative Syriza receiving support from 26.9 per cent of the electorate.

As such, New Democracy will hold around 129 seats in parliament in Athens, with Syriza forming the opposition while holding 71 seats.

In a joint statement, messrs Barroso and Van Rompuy indicated that the result of the election should allow a government to be formed quickly.

"We salute the courage and resilience of the Greek citizens, fully aware of the sacrifices which are demanded from them to redress the Greek economy and build new, sustainable growth for the country," the officials noted.

By Gary Cooper

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development