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Greek Right Holds 'Slim' Poll Lead

A man holds a Greek flag before a conservative New Democracy party rally on Syntagma Square in Athens on June 15.
A man holds a Greek flag before a conservative New Democracy party rally on Syntagma Square in Athens on June 15.
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By RFE/RL
Greek exit polls are showing the two top contenders in the country's repeat parliamentary elections running neck-and-neck.

Wearied by their country's long-running political and economic crisis, Greek voters have been casting their ballots in elections for the national assembly that could decide their future in the eurozone.

Exit polls suggest that the country is nearly evenly split between the left-wing Syriza party, headed by Alexis Tsipras, and the conservative New Democracy party of Antonis Samaras.

New Democracy is projected to receive between 27.5 percent and 30.5 percent of the vote while Syriza is said to be hot on its heels with 27-30 percent of the vote.

However, it is unlikely that either party will win a clear majority, meaning that a coalition will have to be formed with smaller parties. According to final exit polls, New Democracy and the traditional socialist Pasok party may have just enough seats to form a pro-bailout coaltion.

This will come as a blow to Tsipras, a 37-year-old former student activist, who had pledged that the 130-billion-euro bailout deal Greece negotiated with European partners earlier this year will be "history" if his party was able to form a majority coalition.

Samaras is also seeking to renegotiate the bailout deal, but less radically.

'A New Start'

After casting his ballot on June 17 in his hometown of Pylos, Samaras said the elections would "usher a new start for Greece."

In Athens, Tsipras said Greeks have "conquered fear" and will keep their place as an "equal member" of Europe.

He also claimed victory for his party would "open a path to hope, to a better future."

Opinion polls show that about 80 percent of Greeks want to remain within the eurozone.

Greece has relied on rescue loans since mid-2010 when high interest rates locked it out of credit markets following revelations of years of reckless spending and the falsification of financial information.

Earlier this year, Greece agreed to a 130-billion-euro bailout package, plus a debt write-off of 107 billion euros, in exchange for sharp spending cuts and other reforms.

Tsipras has tried to convince voters he can renegotiate the European rescue deal without Greece being compelled to leave the eurozone.

Merkel Urges Greeks

Nevertheless, his proposals -- including nationalizing banks, reducing privatizations, and rolling back austerity measures -- have alarmed European leaders.

On June 16, a day ahead of the elections, German Chancellor Angela Merkel urged Greeks to stand by their government's commitments.

"It is extremely important that tomorrow's Greek elections lead to a result in which those who form the government say, 'Yes, we want to keep our commitments,'" she said.

Also on June 16, Jean-Claude Juncker, Luxembourg's prime minister and the leader of the eurozone finance ministers' group, said that if Tsipras wins the election "the consequences for monetary union are unpredictable."

Elections on May 6 proved inconclusive, as neither party was able to form a government.

With reporting by AFP, Reuters, and AP
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Comment Sorting
Comments
     
by: J from: US
June 17, 2012 14:01
Here we go again. But what is the 37 former student activist suggesting to do with the 130 billion loan? Don't want to return the money?
In Response

by: G from: Greece
June 17, 2012 15:54
What people do not realise is that subconsciously, SYRIZA and its leader, Tsipras, has replaced PASOK and Papandreou (the father) in socialist/leftish peoples' minds. J's question is totally logical and analyzing all Tsipras' political/economical plans I can only answer that he is just a little boy (politically) that in one morning, his "wannabe revolutionary" profile gave him a higher percentage of votes than he expected. He brought him closer to the leadership and he tries to win by supporting stupid ideas like the ones he promotes. what a serious analyst in Greece can see is that Tsipras just has in mind this: "the day after the elections, my (supposed) government will cancel the agreement about the loans." And after that? "After that, we'll see...". He has NO realistic (or not at all) viable solutions about the problems. he just found out a quote to gain more votes. "Cancel the agreement". I personally agree with Mr. Juncker. I believe that there MUST be some changes to the agreement, but we, the Greeks have to work hard and change out way of thinking.
In Response

by: Eugenio from: Vienna
June 17, 2012 20:35
Professor J, I see you are continuing to impress us all with your profound knowledge of macroeconomics. In the specific case of Greece, one could argue, Professor, that even if the 37 former students wanted to return the money they would not be able to do so as long as they just don't have the 130,000,000,000 euros.
And this is when we are coming very close to what is called a default on sovereign debt - the default that will have consequences that will excede the Lehman Brothers debacle by far.

by: Eugenio from: Vienna
June 17, 2012 18:03
Just as I predicted, the Syriza party has won the election and will have the most seats in parliament. Here comes the civil war and/or invasion by Germany.
In Response

by: G from: Greece
June 18, 2012 08:06
Excuse me, but what happened is exactly THE OPPOSITE of what you predicted. New Democracy won gaining 129 seats in parliament and Syriza came second with 71 seats. So the consequences you mention, will not come.
In Response

by: Eugenio from: Vienna
June 18, 2012 19:09
G, I am sorry for the comment above: it was published by Konstantin from LA, for some reason he likes using my name for publishing his insightful comments.
Of course, I know that the ND has gotten more votes than Syriza this time around. But the question remains: how long will the govt that the ND and PASOK will (most probably) form last for? In the legislature elected in 2009 these two parties had more than 2/3 of the seats among them. Right now they have about 165 (out of 300) together. The German pro-consul Guido Westerwelle has already made his point by saying that "Greece should stick to its commitments and continue with the austerity measures".
Thus, the most realistic (from my point of view) scenario is that at the latest this coming Fall the ND-PASOK govt will be asked to adopt a new austerity package, which will then lead to new defections in the two leading parties (something that has been happening continuously over the last 2 years), which will leave them with NO MAJORITY by the end of this year at the latest.
So, what will happen next will be ONE MORE PRE-TERM ELECTION which will then lead to the victory of Syriza.
How do you see the situation in Greece evolve in the next few months?
In Response

by: Eugenio from: Vienna
June 18, 2012 19:51
BY THE WAY, and talking about the prospect of growing political instability and the danger of a civil war: today's (Monday) German newspaper FAZ has published an interesting article in which it makes the following point. The center-right ND has done well in smaller towns and in rural areas, whereas the radical left Syriza has outscored the ND in the capital area:
The electoral district Athens B: Syriza - 31 %, ND - 26 %
The electoral district Piräus B: Syriza - 36 %, ND - 18 %.
So, the author goes on to make the poing that the Syriza will continue mobilizing its supporters - concerntrated primarily in the capital - against the austerity policy of the new govt. And the latter will in turn bring the prospect of an civil conflict between the two parts closer.
Reference: http://www.faz.net/aktuell/politik/europaeische-union/griechenland-nach-den-wahlen-die-macht-der-strasse-11790582.html
In Response

by: G from: Greece
June 18, 2012 21:34
I take for granted that the percentage of people who voted ND and PASOK, realize that they voted in favor of the package not because they like it but because they understood that canceling this agreement may mean that Greece could get out of the Eurozone. Personally, I am a pro-European and pro-Euro citizen and I understand that this would be a disaster to our country. I cannot predict the future, but I can say this. ND (Pasok for me is not a worthy party, they are 110% corrupted) has its opportunity to strengthen its voters basis, not by fighting against the agreement, but just negotiating a couple of parts of it. Not many, not the ones that may harm the Eurozone, but a couple of terms that may leave the Greek market "breathe" a little. If this happens, ND will have won the game of both Euro and voters. And of course it is important to make moves for the Greek market, irrelevant to the agreement (first of all "kill the bureaucracy monster", exploit its natural energy sources, strict organization of many public sectors, etc). If the aforementioned take place, I am sure that in a fair amount of time, both Greek people and Eurozone administrators will be satisfied. PS: we may not forget that Greek people have also to make an effort for the best and change their flat way of thinking about politics/economy etc.

by: Eugenio from: Vienna
June 18, 2012 04:56
The final results of the Greek vote can be found here: http://www.ekathimerini.com/

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