"The pro-bailout New Democracy party came in first Sunday in Greece's national election and could gather enough support to form a pro-bailout coalition to keep the country in the eurozone.
As central banks stood ready to intervene in case of financial turmoil, Greece held its second national election in just six weeks to try to select a new government after an inconclusive ballot on May 6.
Sunday's vote was seen as crucial for Europe and the world, since it could determine whether Greece is forced to leave the joint euro currency, a move that could have potentially catastrophic consequences for other ailing European nations and the global economy.
Although official projections late Sunday showed that no party will win enough seats in the 300-member parliament to form a government on its own, Greece's two traditional parties – the conservative New Democracy and the socialist PASOK – would have enough seats to form a coalition together.
They have both expressed a willingness to work with other European nations to stay in the 17-nation eurozone.
New Democracy leader Antonis Samaras says his top priority is to stay in the euro but has promised to renegotiate some terms of the bailout."