greek-elections-afp-670
Greek Socialist Party leader Evaggelos Venizelos casts his ballot for the general elections at a polling station in the Greek port city of Thessaloniki, on May 6. — Photo AFP

ATHENS: Greeks voted Sunday in a tough-to-predict general election that threatened to turn the crisis-hit country's old political system on its head and bring eurozone turmoil back with a vengeance.

After two years of austerity cuts, polls show that voters will punish the two main parties, the left-wing Pasok and conservative New Democracy, for promising more savings in return for two bailouts worth 240 billion euros ($314.0 billion).

Instead, around half of the vote could go to 30 smaller parties, raising the prospect of protracted coalition negotiations for likely poll winner Antonis Samaras of New Democracy (ND), or even fresh elections.

“I am going to vote one of the small parties. I have had enough of ND and Pasok,” said psychology student Maria, 22. “Ever since I was born people have just voted for them.

“We will see if the Greeks have enough sense to choose parties other than the two big ones that have left Greece in such a state,” doctor Efthimis Karadimas, 43, told AFP at a busy polling centre in the capital.

Both Pasok and ND have said they want the “troika” of the European Union, International Monetary Fund and European Central Bank to cut Greece more slack in their bailout deals. Many of the smaller parties want to tear up the agreements.

“After two years of barbarism, democracy is coming home,” said Alexis Tsipras, the head of the leftist Syriza party, expected to pick up around 10 percent of the vote. “The people will send a loud and clear message to all of Europe.” Pasok head Evangelos Venizelos, a former finance minister who helped negotiate Greece's second bailout earlier this year, was booed as he voted in his constituency in Thessaloniki, with one heckler shouting “thief”.

Greece's creditors, not least paymaster-in-chief Germany, the main proponent of austerity before growth — despite growing criticism across Europe — have little appetite to loosen the bailout terms, let alone consider a third rescue.

With Athens having committed to finding in June another 11.5 billion euros in savings through 2014, any ambition to renegotiate terms “suggests a degree of liberty they do not have,” Swiss bank UBS said in a research note.

In ominous comments widely quoted by Greek newspapers on Saturday, German Finance Minister Wolfgang Schaeuble said that if Greece's new government deviated from its commitments, the country would “bear the consequences.””Membership of the European Union is voluntary,” he said in Cologne.

Opinion

Editorial

May 9 fallout
Updated 09 May, 2024

May 9 fallout

It is important that this chapter be closed satisfactorily so that the nation can move forward.
A fresh approach?
09 May, 2024

A fresh approach?

SUCCESSIVE governments have tried to address the problems of Balochistan — particularly the province’s ...
Visa fraud
09 May, 2024

Visa fraud

THE FIA has a new task at hand: cracking down on fraudulent work visas. This was prompted by the discovery of a...
Narcotic darkness
08 May, 2024

Narcotic darkness

WE have plenty of smoke with fire. Citizens, particularly parents, caught in Pakistan’s grave drug problem are on...
Saudi delegation
08 May, 2024

Saudi delegation

PLANS to bring Saudi investment to Pakistan have clearly been put on the fast track. Over the past month, Prime...
Reserved seats
Updated 08 May, 2024

Reserved seats

The truth is that the entire process — from polls, announcement of results, formation of assemblies and elections to the Senate — has been mishandled.