Greek election 2015: Syriza is on course for victory

first_img Greek election 2015: Syriza is on course for victory Sunday 25 January 2015 2:40 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDVikings: Free Online GameIf you’re over 50 – this game is a must!Vikings: Free Online GamePost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Sharecenter_img Jeff Misenti Show Comments ▼ whatsapp Tags: NULL The official projections for Greece’s long-awaited general election are in. The radical left party Syriza led by firebrand Alexis Tsipras will win first place with between 36.5 per cent of the vote.According to MetronAnalysis’ pollster Fanaras Syriza will come just one seat short of winning a parliamentary majority with 150 seats. The anti-austerity party has promised to reverse massive spending cuts and negotiate a write-off of Greece’s debts. Tsipras’s principal opponent is the conservative New Democracy party, which make-up the current government. The exit polls showed New Democracy taking 23-27 per cent of the vote.New Democracy has pushed ahead with economic reforms recommended by the Troika – the European Union (EU), International Monetary Fund (IMF) and European Central Bank (ECB). While the deficit has been eliminated and growth has returned many Greeks are still immensely poorer than they were five years ago.The Greek parliament is comprised of 300 members. The party that wins the largest share of the vote is awarded an additional 50 MPs. After voting this morning, Tsipras said, “the vicious circle of austerity is over”.Syriza’s programme of debt relief and an end to austerity have set the party on a collision course with other EU member states. Angela Merkel, in particular, will be unwilling to give way to Tsipras’s demands for fear of a backlash at home and encouraging radical parties in other member states. Syriza has attempted to moderate its positions over the course of the campaign, saying it wants Greece to remain in the Euro.A Syriza victory followed by political deadlock could lead to Greece defaulting on its debts and exiting the Euro. Last week, ratings agency Moody’s has warned that the heightened risk of a Greek exit from the Eurozone “could have negative credit implications for other members of the European single currency”.However, the Eurozone is in a far better shape to withstand any contagion from a Grexit than it was five years ago. But a Grexit would still be a seminal moment for the currency block, said chief credit officer, Colin Ellis:Any exit from the single currency would be a defining moment for the euro: it would show that the monetary union is divisible, not irreversible.  last_img

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