The ascension of Francoise Hollande to the presidency in France and the creation of a fractured parliament in Greece are creating unease in global markets. The leadership of euro-zone countries has changed dramatically over the past few years. Here’s a look at some key events, as compiled by Bloomberg News.
May 6, 2012: Greece’s Socialist Pasok and New Democracy parties, which partnered in securing a second rescue package, came in two seats short of the 151 seats needed to win a majority. Voters turned to anti-bailout parties, calling into question the country’s ability to impose the measures needed to guarantee its future in the euro. Syriza, a coalition of leftist parties that has vowed to scrap the bailout terms, got 17 percent and has 52 seats as the second-biggest party, boosting its showing from the 2009 election nearly four-fold. — Bloomerbeg News. Greek Socialist PASOK party leader Evangelos Venizelos waves to supporters during a rally in Athens on May 4, 2012. Venizelos is running an uphill race to Sunday's election, trying to convince angry Greeks that deeply unpopular economic reforms are the only way to escape the worst crisis in decades. Kevin Coombs/Reuters Buy Photo