Greece faces race against time to form coalition government… [The Telegraph]

  • Pro-bailout centre-right New Democracy party wins 29.6% of the vote
  • Has three days to form coalition government with other pro-bailout parties
  • Sources say socialist PASOK party may be ‘unwilling to form coalition’
  • But it could be willing to offer parliamentary support to achieve bailout
  • Euro rises and world markets enjoy sharp rise this morning
  • FTSE-100 is 0.22% up; CAC 40 up 1.82%; DAX up 1.48%

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