Greek Socialists win election

The New York Times reported Sunday that the nations Socialist party had won the country's national election over the center-right New Democratic Party in a climate of rising economic crisis for Greece.

CNN also reported the Socialist leader, George Papandreou, "promised to chart a new course for an economic comeback."

The newly elected official spoke to the people, reminding them that the path out of financial crisis will not be easy and will take extensive work and effort. The Times reported the leader's speech spoke of building the Greece they want and need, but that they had "no time to waste."

CNN also reported that, "Sunday's national elections were held two years before originally scheduled. Karamanlis called the elections in response to pressure from Papandreou's Panhellenic Socialist Movement of Greece, which threatened to block the election of a president in February if no general election was held. The Greek constitution requires the two major parties to agree on the election of a president, giving either party an effective veto."

The former leader, Prime Minister Kostas Karamanlis, failed to convince the people of Greece to trust another economic plan, but was shot down by the country. Karamanlis said he respected the people's decision in the end.