Critical Election: Imminent Greek

ATHENS, Greece Dept: ATHENS, Greece - Fears of an imminent Greek exit from Europe's joint currency receded Sunday after the conservative New Democracy party came first in a critical election and pro-bailout parties won enough seats to form a joint government, according to Winnipeg Free Press. With one party advocating ripping up Greece's multibillion-euro bailout deal, the election was seen as a vote on whether Greece should stay in the 17-nation joint euro currency. A Greek exit would have had potentially catastrophic consequences for other ailing European nations, the United States and the entire global economy and a Greek man leaves the booth after voting during the elections in Athens, Sunday, June 17, 2012. Greeks voted Sunday for the second time in six weeks in what was arguably their country's most critical election in 40 years, with the country's treasured place within the European Union's joint currency in the balance. The sign reads in Greek Parliamentary elections 2012. AP Photo/Petros Karadjias As central banks stood ready to intervene in case of financial turmoil, Greece held its second national election in six weeks after an inconclusive ballot on May 6. (www.immigrantscanada.com). As reported in the news.