ATHENS—Greek voters broke months of political stalemate by narrowly endorsing pro-bailout forces in a momentous election, easing fears of an imminent rupture with the euro zone—for the moment.
The result, giving the pro-austerity conservative and socialist parties enough votes to form a fragile and awkward ruling coalition, won't erase the immense problems that face Greece and the euro zone, both apart and together.
But the showing by the conservative New Democracy party, which came in first and has pledged to continue cooperating with Europe, was enough to skirt two outcomes policy makers and investors feared far more: a win by the anti-bailout leftist Syriza party, or a confused muddle that left Greece hobbled by political infighting.
Still not sure if the GOP wanted the conservative austerity party to win? Well, think what would have happened if the austerity party had lost? Yes, it would have caused a significant global economic disruption. And who badly wants a bad American economy right now? If you are still guessing, here is the answer: The GOP wanted the anti-austerity socialists to win.