Greece Still In The Eurozone – But Only Just | newmatilda.com

New Democracys victory in the Greek election may spark the tinderbox. There are beggars in the streets and growing fears of civil war. Charles McPhedran reports from AthensBased on Sunday night’s results, it seemed that traditional ruling centre-right New Democracy and its old centre-left adversary Pasok will be able to form a coalition. The country will stay in the Eurozone — for now.Because the Greek political system delivers a 50 seat bonus to the winner of the election, New Democracy’s 30 per cent will be enough to win it government. That is, if social democratic PASOK plays ball.

via Greece Still In The Eurozone – But Only Just | newmatilda.com.

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