Greece electiongoes to pro-bailout New Democracy party

June 17, 2012 (ATHENS, Greece)

Greece held its second election in six weeks.

The issue was how the country would deal with the $300 billion it has borrowed to keep its economy afloat.

Voters defeated a far left party that wants to refuse the bailout deal.

A party that favors living within the constraints came in first.

It immediately proposed forming a coalition government.

The result eased fears around the world of what might happen to the Euro Zone.

The Greek economy remains a shambles with five straight years of recession and soaring unemployment.

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