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Dublin: 10 °C Saturday 18 May, 2013

Greek pro-bailout parties claim knife-edge elections

The eurozone breathes a sigh of relief.

Image: Petros Giannakouris/AP/Press Association Images

GREECE’S TWO MAIN pro-bailout parties have won enough votes to form a government in a cliffhanger election, first estimates showed, easing fears the stricken economy will crash out of the euro.

The conservative New Democracy party is seen as the winner with 29.5 per cent of the vote, which would give it 128 seats in the 300-seat parliament because of a 50-seat boost given to the victor under the Greek electoral system.

“We are the first party. The time has come to form a government of national unity to exit the crisis,” said Dora Bakoyannis, a top New Democracy official.

Coalition talks are now expected to start tomorrow with the most likely ally being the socialist PASOK party which appears to have won 33 seats.

Exit polls had shown a dead heat between New Democracy and Syriza which could have left Greece in the same political gridlock between bickering parties which followed elections last month and triggered this vote just six weeks later.

The anti-austerity radical leftist Syriza party came second after galvanising widespread anger against the cuts imposed by an unpopular multi-billion bailout deal with the European Union and the International Monetary Fund.

Greece has been forced to seek bailouts twice, first for €110 billion  in 2010 and then for €130 billion this year plus a €107 billion private debt write-off.

There may be some room for compromise on the bailout conditions, such as extending a crucial deficit-cutting deadline to 2016 from 2014.

Just as the first results filtered through, German Foreign Minister Guido Westerwelle said Berlin was ready to discuss giving Greece more time.

“There can’t be substantial changes in the engagements” undertaken by Greece in the bailout deal. “But I can imagine we discuss again a delay” in achieving the targets, he said on Germany’s ARD public television.

Syriza’s firebrand leader Alexis Tsipras had vowed that the bailout deal would be “history” on Monday if he won. After casting his ballot on Sunday, he said Greeks had “conquered fear” and were moving to “a better future.”

Tsipras has accused New Democracy chief Antonis Samaras of misrepresenting the election as a choice between keeping the euro or returning to the drachma.

The 37-year-old has accused Samaras of defending “Merkel’s Europe” — a mocking reference to the German chancellor who is widely contested in Greece.

As he voted in his hometown of Pylos, 61-year-old Samaras said: “Today the Greek people speak. Tomorrow a new era starts for Greece.”

Angela Merkel and other European leaders urged Greeks to vote for lawmakers who will toe the line on the bailout, saying it was “extremely important.”

Eurogroup chief Jean-Claude Juncker warned that a victory for the radical left would have “unpredictable consequences” for the eurozone as a whole.

Voters’ opinions

Initial results showed the neo-Nazi party Golden Dawn has won enough votes to enter parliament on the back of growing anti-immigrant sentiment and concern about security which has accompanied the economic crisis.

“I think that most people are anxious because the future is very dark,” Tonia Katerini, a 54-year-old architect, told AFP after voting for Syriza in an elementary school in the upmarket Kolonaki district in central Athens.

“The situation in the last two years has been very hard for most people so I believe we have to make a big change,” she said.

But Emmanuel Kamkoutis, a 68-year-old pensioner, said he voted for the right because he wanted “a pro-European government and not a communist one.”

“We signed something. We can’t just take it back,” he said, referring to the bailout deal. “We have to try very hard to keep ourselves in the euro.”

Media reaction

Greek newspapers said the vote was the most critical since the end of military rule in 1974.

Germany’s Bild tabloid added to tensions ahead of the vote with an open letter telling Greeks their ATMs had euros only because “we put them there”.

“If the parties who want to be through with austerity and reforms win the election and contravene every agreement, we will stop paying,” it said.

For many Greeks a fine-tuning of the terms of the bailout may not be enough as public anger is rising against the steep pay and pension cuts seen since the crisis first exploded in 2009, setting off a chain reaction across Europe.

Greece is now in its fifth year of recession, prompting many young Greeks to vote with their feet by emigrating, while local media warn the state will run out of cash to pay public-sector salaries and pensions on July 20.

The ballot passed off mostly smoothly one ballot box was burnt in the radical Exarchia district of Athens and two grenades were found outside the offices of private media group Skai TV, which supports the unpopular austerity drive.

-(c) AFP, 2012

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Comments (69 Comments)

  • it has bought the germans time and they need that time to realise that they are human and humanity matters more than money, to see greek old age pensioners foraging for food in bins is not the europe anyone wants

    Reply
    • Greek pensioners foraging in bins is a complete myth………….elderly homeless can be found wandering around the larger cities but most have either psychiatric or alcohol related problems just as can be observed in any European or North American urban areas.
      State pensions have been reduced but not sufficient to result in starvation.

      Reply
    • Seventy-year-old Eletharias cannot afford to go the supermarket any more, so for the past few months he has started rummaging for food in dustbins.
      He goes out in Athens at night so that no one sees. When Sky News met him, he was collecting onions from some wheelie bins.
      “Since my pension was cut, I can’t buy food so I look through the garbage,” he said, “I can only pray that things get better.”
      He is among an increasing number of pensioners who have slipped into desperate poverty and rely on waste food to survive.
      Greek pensioners search bins for food Eletharias, 77, tells Sky News he can no longer afford to shop in the supermarket
      Irini Gkana, 77, and 80-year-old Argyro Hadri-Sotiraki get their sustenance from a downtown soup kitchen.
      On her way out of the complex, Irini stooped to pick up an apple lying on the pavement and squirreled it into her trolley bag.

      Reply
    • RMR I think if you had any interest in what is happening in Greece you wouldn’t have posted such rubbish.

      Reply
  • The euro lives on for another day…… But for how much longer

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    • Good man ciaran, good app isnt it

      Reply
    • Tennyson poetically recorded the infamous charge of the light brigade, during the Battle of Balaclava in the Crimean War. Irish and British calvarymen charged a Russian held position ( only to be cut to pieces by Russian artillery and small arms ) by a military high command who’s understanding of tactics were becoming outdated.
      So it is with the current campaign to return Europe to economic stability. Merkel & Draghi fill the roles of Lord Cardigan & Earl of Lucan. Who also fail to see the hand of history. The Greek, Irish and Spanish citizens are the ill fated Calvarymen.
      The currency system and banking system which has been built upon it has had it’s day and is no longer fit for purpose. Those who look will see new systems emerging to replace these and become the systems of choice in the 21st century.
      http://betabeat.com/2012/06/bitcoin-gets-a-boost-from-euro-crisis/

      Reply
    • Sean, you mean a Federal United States of Europe?

      Reply
    • Sean, you forget that the Light Brigade actually captured the Russian position

      Reply
    • Well Seán, any caic?

      Reply
    • Nothin much, and yourself? Hows the summer treating you ciaran?

      Reply
    • “The brigade was not completely destroyed, but did suffer terribly, with 118 men killed, 127 wounded and about 60 taken prisoner. After regrouping, only 195 men were still with horses. The futility of the action and its reckless bravery prompted the French Marshal Pierre Bosquet to state “C’est magnifique, mais ce n’est pas la guerre.” (“It is magnificent, but it is not war.”) He continued, in a rarely quoted phrase: “C’est de la folie” — “it is madness.” The Russian commanders are said to have initially believed that the British soldiers must have been drunk.”
      Killian, the remnants of the British Calvary reached the Russian position, but were forced back taking further casulties.
      Both the charge and the Battle were military set backs for the British.

      Reply
    • fantastic, hows the leaving going for ya

      Reply
  • What the results really say is there are a very high percentage of Greeks who were willing to risk it all.. With that in mind I think we will see serious rioting when more cuts kick in.. They will have nothing left to lose and that’s what makes people dangerous.

    Reply
  • Let’s hope this is a catalyst for positive progress in the euro zone, you can dream I suppose.

    Reply
  • Am sitting in a cafe in Exarcheia in Athens watching the results come in.

    My feeling is that people will be happy a government can be formed, will be relieved that the uncertainty of rejecting the bailout won’t happen – but will continue to be angry at austerity and demand additional changes in the bailout programme.

    This is not a vote ‘for’ anything.
    It is like Ireland, i.e. better to sink together than sink alone.
    More thoughts at http://blog.likeplace.ie/

    The only pity is that Tsipras won;t be properly tested now.
    What would be have been like as a Prime Minister in this parliament?
    It would be fascinating – though the Greeks obviously thought it possibly terrifying too.

    Reply
    • Vic A 17/06/12 #

      You got it wrong there on two key fronts.

      Firstly, I dont know how you came to the conclusion that a government can be formed; Pasok has released a statement that they would only support a coalition government that includes Syriza- lots of horse trading ahead I’m afraid. Pasok knows if they go with a coalition with just ND and in unlikely event that any coalition government is easily formed- it would be unstable and WEAK- then it will be back to the polls in a matter of months. A poll that will lead to a decimation of Pasok as a political party in Greece. They arent stupid.

      Secondly, I dont know how you could possibly with a straight face compare this election to Ireland’s referendum. Ireland voted 60:40 for the referendum, whereas, the Greeks generally punished the Pro-bailout parties. If not for a laughable political framework that gives the winning party an additional 50 seats in parliament, the results tonite is a blatant defeat for ND and Pasok. Even the Golden Dawn got almost 7% of votes!
      Unless we are being disingenious or remarkably daft, the message from the Greek electorate is that they want to stay within the Eurozone BUT want a fundamental renegotiation of the bailout agreement. The EU, headed by Germany has insisted that this is not possible, lets wait till the end of the week before they would change the rhetoric and give Greece some space yet again!

      Ireland has been the good pupil, taking all austerity measures on the chin, voting for a Fiscal treaty that could yet be voted on again- I include this link for your perusal-

      http://www.irishtimes.com/newspaper/frontpage/2012/0616/1224318058038.html

      The reality is that this is just a classic case of can kicking and Europe has to face the reality at some point. The Markets aren’t retarded, they can read between the lines, Spain got Bail-out lite that would soon be upgraded to a full bail-out, It will be Italy next . The Netherlands doesnt have a government, Merkels coalition government is under pressure and the Finnish are openly talking of exiting the EZ. There are troubling times ahead- very chaotic times actually, lets stop the can kicking and face up to the reality.

      Unless Germany agrees to a debt and transfer union- the EZ is toast and we all know it. Even if Dr. Merkel decides to be more pragmatic, we have to remember that she has an electorate to answer to in less than a year!

      The big ask is would they? In our dreams perharps…

      Reply
  • @Ciaran – Not much longer I reckon, no lessons being learnt, debt is not the answer to debt problems. Just last week the Italians borrowed at 7% to loan to EFSF, in order that the EFSF could loan Spain money at 3%. You couldn’t make it up like. I have turned from a ultra Pro European to anti European. Why? Cause Europe has proved itself incapable of protecting the smaller nations and really only exists to serve the larger countries. Also EU leaders are probably the most incompetent bunch of morons that have ever led a union or state. We’d be better off with the cast of Sesame Street running the show!

    Reply
    • Neil 17/06/12 #

      If you are against debt then you must be against borrowing. But economies like Irelands are only being kept afloat by huge levels of borrowing. 18 billion being spent by the government to fund social welfare, public sector pay, penions etc that they are not getting in taxes. You can get pissed at the Germans for not wanting to fund such massive deficits forever. But unfortunately the only alternative to them is the bond markets. And they rather like their existing loans to be paid off.
      Propose an Ireland that does not borrow and show what that would mean for social welfare etc and see if people will go for it.

      Reply
    • First of all Neil, the bond markets are a lot more interested in our ability to pay back future debt than past debt. Secondly it’s again portrayed that the only reason economies are accumulating debt is to “pay the nurses teachers and guards”. I note there is never a ref to overpaid politicians and pen pushing civil servants in that overused line. Fact is Neil, debt is being accumulated solely for banks in Spain and partially in Ireland. These banks then are depressing the economy by that very bailed out fact therefore making the hole bigger. And thirdly I have, am and always will be pro ripping off a plaster nice and quick than taking a decade to do the remove the same plaster, only to find out that because of taking so long to do so you’re left with a mega infection after it eventually comes off!

      Reply
    • Diarmaid, that’s some transformation. Pro European, Fine Gael. Now anti Europe with a leftist agenda and Sinn Fein tendencies… just what do you see in them? In the late spring they spoke of socialist revival across Europe. Those same countries running a country mile from it now…

      Reply
    • What leftist agenda do I have O Reilly? You’ve to be a left winger now to want a fair just society! I am far from a leftist, very far from it! And never ever accuse me of being pro Sinn Fein ever again, I find it insulting!

      Reply
    • @Neil
      We have way more opinion’s than that. You are very narrow minded like fine Gael, ya’s would want to get the blinkers off very soon.

      Reply
    • Diarmaid, you have to understand when folk like O’Reilly and others accuse you of being SF it’s because they have no answer to what you have posted.

      Reply
    • Dave 17/06/12 #

      Worry not, Diarmaid. The only these establishment politics guys can discredit people is to call them “Shinners”. FG, FF, etc should be shitting themselves. Younger centre right voters like ourselves are running a mile…

      Reply
    • Dave 17/06/12 #

      Worry not, Diarmaid. The only way these establishment politics guys can discredit people is to call them “Shinners”. FG, FF, etc should be shitting themselves. Younger centre right voters like ourselves are running a mile…

      Reply
    • O'Reilly 18/06/12 #

      guys,
      I make no assumptions about Diarmaid. Anything I know about him he has posted here. He has said in the past he voted Fine Gael but would not do so again. He has made clear his views too on labour and how Fianna Fail are the cause of it all. He has eulogised Hollande and his socialist party. Diarmaid has also stated that he puts his country, its soverignty blindly above all else. Now take all this together am I missing something? In the midst of all this, Diarmaid is a business man – a free market capitalist who wants to make money, and good for him.
      But I make no assumptions…

      Reply
    • Eulogised Hollande, can you find where I did that please O Reilly? Being in business isn’t always about making money either O Reilly. Another naive statement. You are outdoing yourself this time round!

      Reply
  • The big pity is the deserved triumphalism of the Golden Dawn.
    They seem to have increased their vote.

    I think that the uncertainty of the interregnum period likely contributed to their success and may not last – though that depends on how mature the new government is at ensuring its writ is respected.

    In any event, there are a lot of voters that need to be persuaded to return from that nastiest of nasty fringes.

    Reply
  • Crisis averted. Until the next one, which should not be too far away.
    The Euro is going to fail sooner or later. There is no saving it.

    Reply
  • Another crises sorted for a week or so this result will not solve the problems of spain Italy or ourselves.
    The markets will have Teiresias say over next few days.
    Still short the € I say the basic problems are deep rooted and severe

    Reply
  • Every country gets the king it deserves

    Reply
  • The left whinges about foreign interference in the Greek election. Indeed, our own (unelected) MEP Paul Murphy spent the past few days in Greece saying this very thing. Eh…..

    Reply
  • Paul 17/06/12 #

    Greece you had your chance and you blew it, just like we did. Fear and scaremongering win again. Absolutely sickening.

    Reply
    • Ideology aside, they seem to have acted as many individuals act under similar circumstances.

      Generally it is better to tolerate many small risks with low returns and low odds of failure, than a single risk with a potentially high return but high odds of failure.

      What could have happened if they voted against the bailout was that they *might* have got better terms & *might* have cut Germany own to size – but, if that did not succeed, the cost of trying was to lose an even greater quantity of their national value by converting current wealth back to Drachmas.

      That seems to have been a risk too far for many (but admittedly not all) voters.

      Reply
    • Paul 17/06/12 #

      Yah its understandable. Im pretty sure the yes voters here aren’t a bunch of right wing neo-liberal economic illiterates and mostly voted out of the fear generated from such a murky campaign. Sad times.

      Reply
    • Sadly true.

      Reply
  • Good for germany , sorry Greece !!

    Reply
  • Pasok leader says that Greece’s new govt should include Syiza.

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  • feck sake

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  • Fair elections…. Only ever 1 outcome possibly given the total interference from the German/French machines…. Even if the actual results were a slight majority for the left parties it would never be allowed… The whole world is watching this outcome, don’t think that the outcome could ever have been a fair reflection of the Greeks views.

    Reply
    • With the amount of money these countries have lent to Greece (Ireland included) I think they’re entitled to an opinion on the matter, but they had no vote in the Greek election.

      Reply
    • Neil 17/06/12 #

      As usual on thejournal.ie comments boards, it’s only democracy when your team wins. Otherwise it’s a fix. I guess its the domination of supporters of a certain political party with a tepid liking for democracy that makes it that way.

      Reply
    • Mojo you don’t seem to be a great fan of democracy. Indeed you seem just barely constitutional…..like most members of Sinn Fein. Sorry the elections failed to cause the chaos the you wanted.

      Reply
    • “A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine.”
      Thomas Jefferson

      Reply
    • Dictionary definition:

      “Democracy is an egalitarian form of government in which all the citizens of a nation together determine public policy, the laws and the actions of their state, requiring that all citizens (meeting certain qualifications) have an equal opportunity to express their opinion”

      This is not what happens in Ireland, I think ya’s have confused democracy with some other form of governance. What do you call it when politicians lie to everyone so they’ll vote for them and then afterwards do the total opposite of their promises??

      Reply
    • David, Neil, Richards prove me wrong….

      David your party were the main party putting the fear of god into people to vote yes to the laughable stability treaty

      Richards… If u think u live in a democratic republic your the dumbest person I know. Also by the way I ain’t a Sinn Fein supporter… But I tell u sometime they might actually do sometime more than the rest of the status quo parties and they might do something for the irish people… I’m a clever lad i learned a long time ago some people are so blinded that they need governance…. I want to be left alone I’m not paying for the failed and screwed up banks…. Stuff all your new taxes mate…. If I or my family need something I will pay for it out of my own pocket… Too many people in this country want and live on handouts…. Are there any other countries in the modern world where we there is a thing called long term unemployed….

      Reply
    • David sure they can have an opinion but to receive letters saying that there will be no more euros in the ATM machine now that’s the fear factor at work….. Your party know all about that…. Trying to confuse people with your own stability treaty leaflet posted to each house on the same day the referendum commission sent there unbiased leaflet… Some joke

      Reply
    • Wonderful commitment to democracy there, Mojorise.

      Reply
    • Thank god more and more people people are beginning to wake up to the fact that fine gael are both corrupt and clueless, I can’t see them lasting much longer, if I was a gambler I’d bet they’d be gone before the end of the year.

      Reply
    • I don’t think fine Gael people understand the meaning of corrupt either, here it is for ya’s :-)

      cor·rupt/kəˈrəpt/
      Adjective:
      Having or showing a willingness to act dishonestly in return for money or personal gain.
      Verb:
      Cause to act dishonestly in return for money or personal gain.
      Synonyms:
      adjective. rotten – depraved – venal – bad – putrid
      verb. spoil – pervert – deprave – vitiate – rot – debauch

      Reply
  • On the subject of our €100,000 a year MEP Paul Murphy, having been gifted his seat by Joe Higgins without the inconvenience of having to stand for election, and having backed the losing side in the referendum he now says in relation to Greece – where he also backed the losers- “Any new right government … can be brought down through struggle.” Clearly he’s no democrat. But I think he owes it to us to tell us what the hell he means by ‘struggle.’
    Is that a threat, do you think?

    Reply
  • Wow what a relief

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  • Very bad news.The Greeks won’t take it.These elections were the result of fear.

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  • The Greeks have seen in the last 6 weeks what the far left & uncertainty can do to a country. Common sense prevails….

    Reply
  • You should have all chilled out at the eucharistic congress !!

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  • Damian….sorry to be so late in answering your comment. Eletharias doesn’t exist. Even applying logic could u explain how Sky found this starving Greek pensioner who forages for food in the bins at night so that he won’t be recognised and now his image and name are known around the world!
    Please grow up and stop believing in the tooth fairy!

    Reply
  • What a relief!

    Reply

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