In a surprising move, the pro-bailout socialist PASOK party stated that it will not join a coalition with pro-bailout New Democracy, if anti-bailout SYRIZA is not included in such a coalition. Update: Final results – Pro bailout camp wins. Read the results, coalition prospects, analysis, and market reaction (which was short lived). This is quite surprising and could weigh on the euro. However, given the past of PASOK leader Venizelos, he might change his mind quickly. Evnagelos Venizelos, who was a prominent minister of finance during the negotiations for the second bailout package, already changed his mind several time when the chance of clinging to power was offered. This might be part of the coalition negotiations. So for now, this is bad news, but it probably won’t last. PASOK came in third according to projections, winning around 13% of the vote. New Democracy is projected to win with nearly 30%, with SYRIZA trailing closely behind it. The final exit polls were already more decisive than the first ones, and real results solidify the win for New Democracy. According to Greek law, the winner gets a bonus of 50 seats in the 300 seat parliament, so if current results are confirmed, ND and PASOK could easily form a coalition with around 160 seats. If PASOK refuses to join such a government, the political system will likely be stuck – the worst case scenario for the euro. See how to trade the Greek elections Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Forex Daily Outlook June 18 2012 Anat Dror 10 years In a surprising move, the pro-bailout socialist PASOK party stated that it will not join a coalition with pro-bailout New Democracy, if anti-bailout SYRIZA is not included in such a coalition. Update: Final results - Pro bailout camp wins. Read the results, coalition prospects, analysis, and market reaction (which was short lived). This is quite surprising and could weigh on the euro. However, given the past of PASOK leader Venizelos, he might change his mind quickly. Evnagelos Venizelos, who was a prominent minister of finance during the negotiations for the second bailout package, already changed his mind several time when… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.