Greece Drops Plan to Renegotiate Bailout Terms

By: Friday July 6, 2012 4:00 pm

The way the Greek election worked is that Syriza, the far-left party, said they would completely renegotiate the bailout terms that forced austerity on the country. New Democracy, the center-right legacy party that was part of the grand coalition that negotiated the bailout in the first place, countered that they too would seek a renegotiation, muddying the contrast between the two parties. New Democracy claimed that their terms would be responsible, while Syriza’s intransigence would get Greece tossed out of the euro. A spooked public then narrowly chose New Democracy, based at least in part on these points.

Just a few weeks after the election, it turns out it was all a game.


Center-Right New Democracy Wins in Greece, But May Have Trouble Forming Government

By: Sunday June 17, 2012 4:00 pm

With 71% of the vote in, the center-right New Democracy Party has a small but sustainable lead in the Greek Parliamentary elections. They hold 30.1% of the vote to 26.5% for the left-wing Syriza party. Pasok, the center-left party, holds third with 12.6%, the Democratic Left came in fourth with 7.5%, and the neo-Nazis in Golden Dawn have enough votes to enter Parliament, with around 7%.

Early Exits in Greek Elections Show Tight Race

By: Sunday June 17, 2012 11:30 am

Early exit polling from Greece, in the second election to try to form a government in as many months, shows an incredibly narrow race between the center-right New Democracy party and the far-left Syriza party. It raises the possibility that no single party could form a government again, which would mean yet another potential round of voting, and the attendant uncertainty.

Greek Elections Sunday, Threats to Eurozone Downplayed

By: Friday June 15, 2012 10:35 am

We’re just two days away from a consequential vote in Greece. The lack of polling over the last two weeks and the closeness of the race between the far-left, anti-austerity Syriza, and the center-right, pro-bailout New Democracy, makes the outcome a genuine question.

The Greeks themselves don’t believe the outcome will lead to a Eurozone exit; but if Syriza emerges victorious, the Eurozone leadership could basically make it impossible for them to stay.

Two Weeks Before Greek Elections, Deadlock at the Top

By: Monday June 4, 2012 7:45 am

With apologies to Wisconsin, we’re a little less than two weeks away from the most important election of the year. It’s happening in Greece, where you have a contest that will likely determine the future of that country, and by proxy the future of Europe. The far-left Syriza party and the center-right New Democracy have been locked in a tight struggle for weeks in this second-round Parliamentary election.

Greek Opposition Party Rejects Austerity Measures, Risking Default Again

By: Monday November 14, 2011 11:30 am

Greece and Italy have installed new Prime Ministers amendable to Europe’s financial overlords, but Greece’s main opposition party leader says he can’t support the austerity measures the overlords demand. That means a Greek default and worse for the Euro is even closer than people feared.

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