Tuesday, October 2, 2012

Georgia's president concedes election defeat

Georgia's billionaire and opposition leader Bidzina Ivanishvili reacts with supporters at his office in Tbilisi Georgia, Monday, Oct.1, 2012. Georgia's opposition coalition 'Georgian Dream' is leading the country's just-concluded parliamentary elections, according to the exit polls of a U.S.-based exit poll specialist company Edison Research and a Germany-based market research company GfK on Monday. Voters in Georgia are choosing a new parliament in a heated election Monday that will decide the future of President Mikhail Saakashvili's government. (AP Photo/str)

Georgia's billionaire and opposition leader Bidzina Ivanishvili reacts with supporters at his office in Tbilisi Georgia, Monday, Oct.1, 2012. Georgia's opposition coalition 'Georgian Dream' is leading the country's just-concluded parliamentary elections, according to the exit polls of a U.S.-based exit poll specialist company Edison Research and a Germany-based market research company GfK on Monday. Voters in Georgia are choosing a new parliament in a heated election Monday that will decide the future of President Mikhail Saakashvili's government. (AP Photo/str)

Opposition supporters rally in the central square in Tbilisi, Georgia, Monday, Oct. 1, 2012. Georgia's opposition coalition "Georgian Dream" is leading the country's just-concluded parliamentary elections, according to the exit polls of a U.S.-based exit poll specialist company Edison Research and a Germany-based market research company GfK on Monday. Voters in Georgia are choosing a new parliament in a heated election Monday that will decide the future of President Mikhail Saakashvili's government. (AP Photo/Shakh Aivazov)

Opposition supporters react on the street in Tbilisi Georgia, Monday, Oct.1, 2012. Georgia's opposition coalition 'Georgian Dream' is leading the country's just-concluded parliamentary elections, according to the exit polls of a U.S.-based exit poll specialist company Edison Research and a Germany-based market research company GfK on Monday. Voters in Georgia are choosing a new parliament in a heated election Monday that will decide the future of President Mikhail Saakashvili's government. (AP Photo/Efrem Lukatsky)

Opposition supporters react during a rally on the central square in Tbilisi Georgia, Monday, Oct. 1, 2012. Georgia's opposition coalition 'Georgian Dream' is leading the country's just-concluded parliamentary elections, according to the exit polls of a U.S.-based exit poll specialist company Edison Research and a Germany-based market research company GfK on Monday. Voters in Georgia are choosing a new parliament in a heated election Monday that will decide the future of President Mikhail Saakashvili's government. (AP Photo / Efrem Lukatsky)

Electoral officials count ballots at a polling station after Parliamentary elections in Tbilisi Georgia, Monday, Oct. 1, 2012. Georgia's opposition coalition 'Georgian Dream' is leading the country's just-concluded parliamentary elections, according to the exit polls of a U.S.-based exit poll specialist company Edison Research and a Germany-based market research company GfK on Monday. Voters in Georgia are choosing a new parliament in a heated election Monday that will decide the future of President Mikhail Saakashvili's government. (AP Photo/Shakh Aivazov)

(AP) ? Georgian President Mikhail Saakashvili has conceded defeat in the parliamentary election and says the opposition now has the right to form a government.

Speaking Tuesday on television, he said: "It's clear from the preliminary results that the opposition has the lead and it should form the government. And I as president should help them with this."

Early results show an opposition coalition led by billionaire businessman Bidzina Ivanishvili with what appears to be an insurmountable lead as voters turned away from Saakashvili and the party that has been in power for almost nine years.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-10-02-Georgia-Parliamentary%20Election/id-44b4b35f9a4e4a8ba524343e7999f5f8

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