After a tightly fought election which led to a stalemate, and long drawn out negotiations, Julia Gillard from the Australian Labor Party formed a minority government today, retaining her post as Prime Minister. She has won the backing of 2 independent MPs, but her position will clearly remain precarious throughout the 3 year term, particularly as she only became PM after ousting her predecessor Kevin Rudd in a party coup. Here is more coverage from the Sydney Morning Herald, here is information about how the electoral system works, and here is an excellent blog from Nick Bryant's, the BBC's Sydney correspondent.
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