The second Greek Election in just six weeks is over. In reality though it is far from over. The winner by a majority was the New Democracy Party with 29.7% of the vote. It secured 129/300 seats. Hardly a resounding vote of confidence from the people. Enough however to form a government if they can find a political party willing to do business with them.
The Greek Parliament and the people now face many challenges. First and foremost of course is forming a government and quick. Political vacuums are bad news. They can lead to military coups and revolutions.
Who the NDP choose or rather who is prepared to play ball could also impact on the Greek people. Second place in the election was won by the Syriza Party who took 26.9% of the vote and secured 71/300 seats. Such a close run race means that plenty of people will be happy with a New Democracy coalition, but many will not.
The New Democracy is a right wing party. If it works with the Pasok socialist party to form a coalition it may not work. However both of these parties are pro the EU bailout. In times like these political allies may come from opposing ideals. What is being seen as the most important factor is who is pro and who is anti the bailout.
Syriza is anti bailout. This party will be hard to ignore in any new parliament. With such a large number of seats and votes it will have a voice in government. This could mean that it will have power to wield.
Merkel in Germany and Obama in the US are happy that the New Democracy Party has won the majority. They of course do not have to live in Greece under the austerity measures previously agreed. It is fair to say that all Europeans leaders will be happy with the initial outcome of the Greek Elections. The money men and women who manipulate our lives have already expressed their pleasure. How so? By boosting the stock markets.
There is however still a long way to go.
All Antonis Samaras won in effect was the right to be first to hold coalition talks. If the Pasok Party teams up with Samaras it will be a similar situation to the UK. That is a coalition made up of the first and third place in the people's vote. Hardly the people's choice.
Both the Pasok and the New Democracy Party have governed Greece for many years. Both are therefore blamed by many for the economic crisis Greece is facing. Syriza being a fresh new party has said that it will not join forces with others to form a coalition.
No such moral stand point by the old guard.
Socialist PASOK leader Evangelos Venizelos has already come up with a novel suggestion. He has proposed politicians forget the usual procedure and go for a four-party coalition between New Democracy, Syriza, PASOK and Democratic Left.
It is worth noting that anti bailout political parties saw their share of the second vote in Greece increase from six-weeks ago. The Neo Nazi Party Golden Dawn had its share of the vote reduced compared to the earlier election.
Europe may have breathed a sigh of relief but now it is holding its breath as it waits to see if forming a Greek government is possible. Germany has already warned Greece that the bailout is not open for re-negotiation.