Pro-bailout parties set for victory

Greece’s conservative New Democracy party is set to come first in an election that is crucial for Europe and the world, exit polls showed tonight.

Although no party appears to have won enough seats in today’s election to form a new Greek government on its own, the updated polls indicate the country’s two traditional parties – New Democracy and PASOK – will have enough seats to form a coalition together.

The exit poll projected New Democracy as winning between 28.6 and 30% of the vote, giving it 127 seats in the 300-seat Parliament. That’s ahead of the radical left Syriza party, which is projected to get 72 seats.

The Socialist PASOK party was projected in third with 32 seats.

New Democracy wants Greece to stay in the eurozone while Syriza has vowed to pull out of Greece’s international bailout commitments.