Reblogged from National Post | News:
French President François Hollande's Socialists won an absolute parliamentary majority on Sunday, strengthening his hand as he presses Germany to support debt-laden euro zone states hit by austerity cuts and ailing banks.
The Socialist bloc secured between 296 and 321 seats in the parliamentary election runoff, according to reliable projections from a partial vote count, comfortably more than the 289 needed for a majority in the 577-seat National Assembly.
Reblogged from Financial Post | Business:
LONDON - Parties committed to Greece’s multi-billion-euro bailout are on course to secure a slim parliamentary majority on Sunday, according to an official vote projection from the interior ministry.
The projection showed New Democracy taking 29.5 percent of the vote, with SYRIZA in second place with 27.1 percent. The Socialist PASOK followed in third place with 12.3 percent.
The result translates into 128 seats for New Democracy and 33 seats for PASOK.
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