Relief from Greek election likely to be fleeting

DAVID McHUGH and MENELAOS HADJICOSTIS
June 18, 2012
Supporters of the New Democracy conservative party celebrate at an election kiosk  at Syntagma square in Athens, Sunday, June 17, 2012. The pro-bailout New Democracy party came in first Sunday in Greece's national election, and its leader has proposed forming a pro-euro coalition government.(AP Photo/Kostas Tsironis)
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Supporters of the New Democracy conservative party celebrate at an election kiosk at Syntagma square in Athens, Sunday, June 17, 2012. The pro-bailout New Democracy party came in first Sunday in Greece's national election, and its leader has proposed forming a pro-euro coalition government.(AP Photo/Kostas Tsironis)

Greece's election result has eased fears of an imminent financial disaster for Europe, but the region's indebted governments remain under heavy pressure. Spain and Italy are fighting to keep their borrowing costs down and European leaders are struggling to find agreement on how best to fix the