Sunday 19 November 2017

Thomas Molloy: Greeks and Germans must overcome years of mistrust

THE Greeks have spoken but what did they say? The pro-bailout New Democracy party came in first yesterday in Greece's national election and could gather enough support to form a pro-bailout coalition to keep the country in the eurozone but most analysts expect the process of building a new government to take a few days.

Greece held regular elections when the rest of Europe lived in caves but no Greek vote has been watched with as much trepidation as yesterday's vote because no previous Greek election has had the power to cause so much harm at home and abroad.

Early returns last night showed Greece's centre-right New Democracy party edging ahead of Syriza, its radical leftist opponents. As European leaders and financiers woke up this morning, they at least knew that most of them had followed the old adage by hoping for the best and preparing for the worst.

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