Monday, May 07, 2012

Greek Voters Punish Ruling Coalition Over Austerity

FRANCE 24: Voters delivered a blow to Greece's traditional ruling parties, the conservative New Democracy and the Pasok socialists, on Sunday as voters moved to anti-austerity parties on the far right and left. Nobody won enough votes to form a government.

AP: Furious Greeks punished the two parties that have dominated politics for decades in the crisis-battered country Sunday, leaving its multibillion dollar international bailout - and even its future in the euro currency - hanging in the balance.

With more than 83 percent of the vote counted, Greece appeared to be heading toward political stalemate. Nobody won enough votes to form a government, and the two parties that backed the bailout - the conservative New Democracy and socialist PASOK - conceded they need to win over adversaries to form a viable coalition.

“I understand the rage of the people, but our party will not leave Greece ungoverned,” said New Democracy leader Antonis Samaras.

New Democracy was leading with nearly 20 percent of the vote, which would give it 110 seats in the 300-member parliament. PASOK, which has spent 21 years in government since 1981 and stormed to victory with more than 43 percent in 2009, saw its support slashed to about 13.5 percent. It will have just 41 seats, compared to 160 in the last election.

The two parties saw their support plummet to the lowest level since 1974, when Greece emerged from a seven-year dictatorship. The outcome showed widespread public anger at the harsh austerity measures imposed over the past two years in return for rescue loans from other European Union countries and the International Monetary Fund. Without the funds, Greece faced a disastrous default that could have dragged down other financially troubled European countries and seen it leave the euro.

Voters who deserted the two mainstays of Greek politics in droves headed to a cluster of smaller parties on both the left and right, including the extremist Golden Dawn, which rejects the neo-Nazi label and insists it is nationalist patriotic. The movement has been blamed for violent attacks on immigrants and ran on an anti-immigrant platform, vowing to “clean up” Greece and calling for land mines to be planted along the country’s borders. The party looked set to win about 7 percent of the vote, giving it 21 deputies in parliament - a stunning rise for a group that earned just 0.29 percent of the vote in 2009. (+ video) » | News wires | Monday, May 07, 2012

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