Greece agrees on coalition government
By The Week Staff | June 20, 2012
New Democracy party leader Antonis Samaras waves to his supporters last Friday: His pro-austerity party narrowly won Greece's election Sunday.
Evi Zoupanos/ZUMA Press/Corbis
T
he head of Greece's socialist party said Wednesday that the country has a new government, "ending nearly seven weeks of political uncertainty which threatened to plunge Europe deeper into a financial crisis with global repercussions." Details of the three-party coalition government are still being ironed out, and are expected to be finalized by the end of the day. The announcement is "expected to calm fears that a protracted political crisis in debt-struck Greece could have led to the country being forced out of the joint European currency."
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