In case it’s all Greek to you
The Greek election has huge implications for the rest of Europe. Here is a short explanation.
According to the exit polls (compiled by Singular Logic for the daily newspaper “Kathimerini”), seven parties are set to enter Parliament with the following number of seats:
NEA DIMOKRATIA – the centre-right party; broadly pro-austerity (109 seats)
SYRIZA – a coalition of radical left party; anti-austerity (50 seats)
PASOK – the centre-left party; broadly pro-austerity (42)
INDEPENDENT GREEKS – a right-wing newly formed party; think UKIP; anti-austerity (32)
KKE – the communist party; anti-austerity (26)
CHRISI AVGI – the far-right party; think BNP; anti-austerity (22)
DIMAR – social democratic party; anti-austerity (19)
This creates some tantalising possibilities.
– The centre-left and centre-right forming a very delicate pro-austerity coalition with a majority of 1 seat (151 of 300). Defections are common these days in Greek politics and this could be incredibly fragile.
– The centre-right switching to an anti-austerity stance and forming a coalition with other right-wing and far-right players (163 of 300).
– The centre-left switching to an anti-austerity stance and leading an anti-austerity coalition (without the far-right) (169 of 300).
And, of course, if the exit poll estimates are even a fraction off, the picture gets even murkier.
NB. This is meant to be a simple breakdown for non-Greeks. Please do not inundate me with comments about how this party is not really on the left and how that party is not really anti-austerity.