Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Polls open in Greece's first election since spending controls ended

Polls open in Greece's first election since spending controls ended

Polls have opened in Greece’s parliamentary election, the first since the country’s economy ceased to be subject to strict supervision and control by international lenders who had provided bailout funds during its nearly decade-long financial crisis.

The two main contenders in Sunday’s vote are conservative Prime Minister Kyriakos Mitsotakis, 55, a Harvard-educated former banking executive, and 48-year-old Alexis Tsipras, who heads the left-wing Syriza party and served as prime minister during some of the financial crisis’ most turbulent years.

Although Mitsotakis has been steadily ahead in opinion polls, a newly introduced electoral system of proportional representation makes it unlikely that whoever wins the election will be able to garner enough seats in Greece’s 300-member parliament to form a government without seeking coalition partners.

Greeks head to the polls on Sunday to elect a leader who will have more control over the country's economy for the first time in over a decade.


The winner of Sunday’s election will have three days to negotiate a coalition with one or more other parties. If that fails, the mandate to form a government is then given to the second party. But deep divisions between the two main parties and four smaller ones expected to enter parliament mean a coalition will be hard to come by, making a second election likely on 2 July.

The second election would be held under a new electoral law which makes it easier for a winning party to form a government by giving it a bonus of up to 50 seats in parliament.

A total of 32 parties are vying for votes, although opinion polls have indicated only six have a realistic chance of meeting the three per cent threshold to gain seats in parliament.

Greece’s once-dominant socialist Pasok party is likely to be at the centre of any coalition talks. Overtaken by Syriza during Greece’s 2009-2018 financial crisis, the party has been polling at around 10%. Its leader, Nikos Androulakis, 44, was at the centre of a wiretapping scandal in which his phone was targeted for surveillance.

Polling at around 10 per cent, Pasok would be vital in any coalition deal, but Androulakis’ poor relationship with Mitsotakis, who he accuses of covering up the wiretapping scandal, means a deal with the conservatives is unlikely. His relationship with Tsipras is also poor, accusing him of trying to poach Pasok voters.

The far-right Greeks Party, founded by a jailed former lawmaker with a history of neo-Nazi activity, was banned from participating by the Supreme Court. His former party, Golden Dawn, which rose to become Greece's third largest during the financial crisis, was deemed to be a criminal organisation.

In the run-up to the election, Mitsotakis had enjoyed a double-digit lead in opinion polls but saw that erode following a rail disaster on 28 February that killed 57 people after an intercity passenger train was accidentally put on the same rail line as an oncoming freight train. It was later revealed that train stations were poorly staffed and safety infrastructure broken and outdated.

The government was also battered by a surveillance scandal in which prominent Greek politicians, including Androulakis, and journalists discovered spyware on their phones. The prime minister said he had not been aware of the tapping of Androulakis' phone, and that he would not have allowed it had he known. But the revelations deepened mistrust among the country’s political parties at a time when consensus may be badly needed.

Tsipras has campaigned heavily on the rail disaster and wiretapping scandal.

In power since the 2019 elections, Mitsotakis has delivered unexpectedly high growth, a steep drop in unemployment and a country on the brink of returning to investment grade on the global bond market for the first time since it lost market access in 2010, at the start of its financial crisis.

Two voters cast their ballots at a polling station in Athens, Greece, Sunday, May 21, 2023.


Debts to the International Monetary Fund were paid off early. European governments and the IMF pumped 280 billion euros ($300 billion) into the Greek economy in emergency loans between 2010 and 2018 to prevent the eurozone member from going bankrupt. In return, they demanded punishing cost-cutting measures and reforms that saw the country's economy shrink by a quarter.

A severe recession and years of emergency borrowing left Greece with a whopping national debt that reached 400 billion euros last December and hammered household incomes, which will likely need another decade to recover.

The other three parties with realistic chances of parliamentary seats are Greece's Communist Party, or KKE, led by Dimitris Koutsoumbas; the leftwing European Realistic Disobedience front (MeRA25), led by Tsipras' flamboyant former finance minister; and the rightwing Elliniki Lysi, or Greek Solution, headed by Kyriakos Velopoulos.

The KKE, a staple of Greek politics, has seen a steady core of support around 4.5%-5.5% over the past decade, while Varoufakis' party has been polling at just over the 3% parliamentary threshold. Velopoulos' party elected 10 lawmakers in 2019 and looks set to enter parliament again.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Hungarian Prime Minister Viktor Orbán stated that Hungary will not adopt the euro because the European Union is falling apart.
Mayor in western Germany in intensive care after stabbing
Australian government pays Deloitte nearly half a million dollars for a report built on fabricated quotes, fake citations, and AI-generated nonsense.
BYD’s UK Sales Soar Nearly Nine-Fold, Making Britain Its Biggest Market Outside China
Latvia to Bar Tourist and Occasional Buses to Russia and Belarus Until 2026
Wave of Complaints Against Apple Over iPhone 17 Pro’s Scratch Sensitivity
Munich Airport Reopens After Second Drone Shutdown
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
The Personality Rights Challenge in India’s AI Era
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Study Finds No Safe Level of Alcohol for Dementia Risk
Trump Says Ukraine Can Fully Restore Borders with NATO Backing
Europe Signals Stronger Support for Taiwan at Major Taipei Defence Show
Germany Weighs Excluding France from Key European Fighter Jet Programme
Cyberattack Disrupts Check-in and Boarding Systems at Major European Airports
Björn Borg Breaks Silence: Memoir Reveals Addiction, Shame and Cancer Battle
When Extremism Hijacks Idealism: How the Baader-Meinhof Gang Emerged and Fell
JWST Data Brings TRAPPIST-1e Closer to Earth-Like Habitability
Trump Orders $100,000 Fee on H-1B Visas and Launches ‘Gold Card’ Immigration Pathway
France’s Looming Budget Crisis and Political Fracture Raise Fears of Becoming Europe’s “Sick Man”
Three Russian MiG-31 Jets Breach Estonian Airspace in ‘Unprecedentedly Brazen’ NATO Incident
European manufacturers against ban on polluting cars: "The industry may collapse"
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
Christian Brueckner Released from German Prison after Serving Unrelated Sentence
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
The conservative right spreads westward: a huge achievement for 'Alternative for Germany' in local elections
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
U.S. and China Agree on Framework to Shift TikTok to American Ownership
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
The New Life of Novak Djokovic
German police raid AfD lawmaker’s offices in inquiry over Chinese payments
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
×