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Greek PM admits defeat in general elections

Tuesday, October 06, 2009 ATHENS: The New Democracy Party of Greece's Prime Minister Costas Karamanlis has conceded defeat in the general elections, handing power to the opposition Socialist party. With 87 percent of votes counted, the PanHellenic Socialist Movement (PASOK) party is leading with 44 percent of the ballot, compared with New Democracy's 34 percent, according to figures announced by the Interior Ministry late on Sunday. The margin, which indicates a victory for PASOK, is the largest seen in a Greek vote in decades. This could mean 160 seats for the Socialists in Greece's 300-seat Parliament, while the ruling party would receive only 93 seats, officials said, CNN reported.
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