Greek parliamentary election held on Sunday, April 6, fuelled pessimism once again over the financial stability of Eurozone, in general, and Greece, in particular. Conser vative New Democracy and Socialist PASOK parties terribly fell off the expectations and estimates made previously. According to reports, New Democracy took 16-19 percent of the vote, well below projections of up to 25 percent of last month, and PASOK followed it with gaining 15-18 percents of the vote. Meanwhile, the anti-bailout Left Coalition party reportedly was a major challenger to PASOK for getting the second place in Sunday's election.

It is likely that New Democracy and PASOK fail to achieve 151- seat majority needed to form a coalition government. Both parties have ruled the country for decades and to do so, they are in need of gaining around 37 percent of total votes in general parliamentary election. If the two parties fail to win a big enough majority to go into a coalition, they will have to woo groups opposed to the bailout, raising fears that Greece will renege on its promises to international lenders and head down a path towards bankruptcy and an exit from the euro, with dire contagion risks for other crisis hit EU states like Spain.

greeks are effected greatly by one of Europe's worst recessions since World War Two and are expected to abandon the two formerly dominant major parties in droves, turning instead to a raft of fringe groups opposed to a hugely unpopular 130 billion euro international bailout that is keeping Greece afloat - but which comes with painful strings attached.

The austerity measures which have kept the Greece within the Euro economy, and also have stoke anger over a crisis that has led to slashed wages and benefits, pushed unemployment to one of the highest levels in Europe and provoked a rash of suicides by despairing businessmen and pensioners.

Before the start of voting, PASOK leader Evangelos Venizelos appealed to voters to support the bailout to avoid economic disaster. "Greeks are holding in their hands the fate of the country, the fate of the next generation, not just the next four years but the next 20 years," he said in an interview.

But let's see how the first and second parties deal with minorities, but it should be noticed that without majority of New Democracy and PASOK, Europe and other financers may find it hard to deal with the nation.