Pro-Bailout Party Declares Victory in Greek Election!
- Eurozone Armageddon postponed. But for how long? weeks, months? This election does not change the fact that Greece is bankrupt and will not be able to pay their debts. What will happen is the continuation of the financial rape of the sheeple by Illuminist banksters. There are no easy answers to the Greek problem. Austerity has resulted in severe economic contraction and tax revenue collapse. This of course means that Greece will continually need bailouts. It is the perfect setup for the takeover of Greece by the banksters.
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Pro-bailout party declares victory in Greek election!
by http://www.abc.net.au/news/
Greece’s centre-right New Democracy party has declared victory after Sunday’s parliamentary elections, easing fears of a chaotic exit from the eurozone. Early results had New Democracy winning nearly 30 per cent of the vote, which would give it 128 seats in the 300-seat parliament because of a 50-seat boost given to the victor under the Greek electoral system.
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Coalition talks are now expected to start later today, with the most likely ally being the socialist Pasok party, which seems to have won 33 seats. The anti-austerity radical leftist Syriza party came second with about 26 per cent of the vote after galvanising widespread anger against the cuts imposed by an unpopular multi-billion bailout deal with the European Union and the International Monetary Fund.
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“Today the Greek people expressed their will to stay anchored with the euro, remain an integral part of the eurozone, honour the country’s commitments, and foster growth,” New Democracy leader Antonis Samaras said this morning. “This is a victory for all Europe.
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“I am relieved. I am relieved for Greece and Europe. As soon as possible we will form a government.” Mr Samaras said the country would honour its commitments to its eurozone partners. “The Greek people voted today to stay on the European course and remain in the eurozone… there will be no more adventures, Greece’s place in Europe will not be put in doubt,” he said.
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Syriza’s leader Alexis Tsipras, who had vowed that the bailout deal would be “history” on Monday if he won, conceded defeat.
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Not just Greece but the world economy is teetering on the brink. The fall of Greece will create a domino effect for the European and eventually the world economy.
For purely selfish reasons the longer the inevitable crashing into the brick wall is postponed the better I will personally be able to get my investments and finances in order.
Many people have come to this realization during this current recession and are doing the same.
In a slow economy it’s tough to pull this off. So the longer this takes the better.
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