Greek election impasse heralds lengthy instability
Elena Becatoros - Associated Press
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AP Photo/Thanassis Stavrakis
The Greek Parliament is seen in Athens, Monday, May 7, 2012. Bailout-reliant Greece faces weeks of financial turmoil after voters angry at crippling income cuts punished mainstream politicians, let a far-right extremist group into Parliament and gave no party enough votes to govern alone.
The Greek Parliament is seen in Athens, Monday, May 7, 2012. Bailout-reliant Greece faces weeks of financial turmoil after voters angry at crippling income cuts punished mainstream politicians, let a far-right extremist group into Parliament and gave no party enough votes to govern alone.
The result of Sunday's parliamentary election raised troubling new questions about Greece's ability to stay solvent and in the euro currency bloc. And the political impasse means Greece could face another round of elections next month.
Voters furious over years of painful budget cuts and higher taxes hammered the conservative New Democracy and socialist PASOK, the two parties who have dominated politics for the last four decades and who had signed up to the country's multibillion dollar bailouts.
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