text: The Greek Election | welshmoneywiz
  Greek Election Dilemma
  Greek political parties supporting a bailout for the country have won a slim parliamentary majority in Sunday's elections. Any coalition's majority is set to be narrow and may lack the stability needed to push through painful reforms.
  The markets are expected to gain from this calming (huge relief) of the markets – understandable given the massive fallout that could have happened had the (pro-bailout) New Democracy Party lost.
  Official results released by the interior ministry, with 97% of ballots counted, showed New Democracy taking 29.7%, SYRIZA 26.9% and the PASOK Socialists were set to take 12.3% of the vote.
  The Greek election system awards a 50-seat bonus to the party which comes first, that would give New Democracy and PASOK 162 seats in the 300-seat parliament.
  Tags: austerity measures, Financial Planning, Investments, portfolio investors, Retirement Planning, Wealth Management and Tax Planning