Greece parties agree on coalition government

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"Our efforts have yielded a parliamentary majority to form a durable government which will bring hope and stability"
- Antonis Samaras, Prime Minister of Greece

Three Greek parties, New Democracy, Pasok and smaller Democratic Left, agreed on a coalition government on Wednesday with Antonis Samaras as prime minister and Vasilios Rapanos, National Bank of Greece chairman, as finance minister. The combined seat strength of the coalition amounts to 179 seats in parliament.

"Our efforts have yielded a parliamentary majority to form a durable government which will bring hope and stability," New Democracy leader Antonis Samaras told President Karolos Papoulias, three days after a Sunday election.

The Stoxx Europe 600 Index rose 0.56 per cent to 249.67. Germany's DAX Index gained 0.45 per cent and France's CAC 40 Index added 0.28 per cent. The U.K.'s FTSE 100 Index increased 0.64 per cent to 5,622.29.

© Dukascopy Bank SA

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