Pro-bailout parties looking to form coalition in Greece

Pro-bailout parties looking to form coalition in GreeceVarious political parties supporting the deal for a bailout package are looking to form a coalition in Greece to form a new government.

The centre-right New Democracy party is aiming to form an alliance with other parties, who also back the international bailout package for the country. The narrow victory for the party addressed fears that the country might be forced to leave the Eurozone suddenly.

George Osborne, UK chancellor had recently suggested that Greee's exit might work in favor of saving the Euro. The chancellor suggested that Greece may be asked to leave the eurozone so that it will be easier for the German government to convince its people that the funding into the common currency is worth saving from the turmoil.

The stocks in the Euro zone and the Euro rose after the elections results were revealed in Greece. New Democracy leader Antonis Samaras pledged has said that the party will move to form a government soon.

Greece is facing a difficult challenge to restore its economic stability amid huge public debt and rising social tensions in the country.