Winning Candidate Begins Greek Coalition Talks

Rev 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"

<blockquote>“Against all odds, the frameworks of the world’s economic, political, and social systems are being shaken and are beginning to crumble.”
<p style="text-align: right;">-Jim Bakker in “Prosperity and the Coming Apocalypse”</p>
</blockquote>

The leader of the party winning Greece’s elections Sunday is urgently trying to form what he calls a “national consensus.”

The New Democracy party, narrow victors in the vote, are one of a number of parties who favor Greece staying within the euro.

Antonis Samaras stated he would be seeking changes in the terms of the bailout agreements Greece had accepted from the EU and IMF. He met with leaders of the second and third parties but no coalition has been announced.

German Chancellor Angela Merkel told reporters that weakening the previous agreements with Greece just because there is a new government would not be a good precedent.

“Elections cannot call into question the commitments Greece made,” Merkel said. “We cannot compromise on the reform steps we agreed on.”

Despite the likelihood of Greece leaving the euro decreasing with New Democracy’s win, the markets were mixed and bank stocks in Greece took a dive.

Initial gains gave way to losses by most major banks in Germany and France. Spain’s borrowing costs reached another euro-era high. Ten-year bonds reached 7.144%.

 

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