New Democracy Party's election victory likely means Greece will not return to the drachma
It looks like Greece will remain in the Eurozone—for now.
That's because the centre-right New Democracy Party, led by Antonis Samaris, appears to have won about 130 seats in today's national election.
Samaris supported the $300-billion bailout package, which required a severe austerity program to bring the country's budget into line.
There are 300 seats in the Greek Parliament, and New Democracy receives an extra 50 members for coming out ahead.
Samaris's chief opponent, Syriza party leader Alexis Tsipiras, opposed austerity measures while saying he wanted Greece to keep the euro.
Syriza came second with approximately 70 seats, and the Socialist PASOK party ended up with just over 30 seats.
The anti-immigrant Golden Dawn party won about 18 seats. Its spokesperson, Ilias Kasidiaris, rocketed to international fame after he attacked two leftists in a live television debate during the campaign.
New Democracy made the case that if Syriza were to win, Greece would end up exiting the Eurozone and return to using the drachma. This could have thrown international financial markets into turmoil.
Meanwhile, young people in Greece are experiencing a 50-percent unemployment rate, which has led to widespread protests that have been brutally suppressed by the police.
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