The votes are in for Greek’s May 6th election. New Democracy leads with 58 seats and left-wing party Syriza came in second with 52 seats.
New Democracy is awarded an extra 50 seats for coming in first which totals to 108 seats in the parliament.
New Democracy together with Pasok are supporting the bailout that comes with austerity.
Alexis Tsipras, leader of Syriza, instead called the terms of EU/IMF bailout deal as “barbaric.” He wants try to form a coalition that is against the austerity measures.
Currently, there has been no success on coalition talks between pro-austerity parties, New Democracy and Pasok.
According to New Democracy leader, Antonis Samaras, Tsipras proposal to forego the bailout terms could lead to Greece’s exit from Europe.
Euclid Tsakalotos from Syriza who is the newly elected member of parliament, said Germany should come up with a plan similar to the Marshall Plan. The Marshall Plan helped rebuild Germany after World War II.
“The eurozone is going to collapse not because Greek leftists have said we’ve had enough of austerity and we can’t have wages of the level of Bulgaria when we have prices at the level of Berlin; it’s going to collapse because of these austerity measures,” Tsakalotos said.
This is a sticky situation for Greece. So many ideas, plans, and proposals have been thrown out to make the financial situation for Greece better, but who knows for sure which is the best solution.
Many international critics are for the austerity measures with the same beliefs that if Greece do not stick to austerity, it would leave Europe.
But, the leftist and most Greeks are not for the austerity measures and that has caused social unrest in Greece.
Samaras will have one more day to put together a coalition or another election would have to called.