Final Greek Results Reveal Very Close Election

With 99.83 % of the votes counted here are the results of the Greek election. New Democracy received 29.66% of the vote and will get 128 seats because of the 50 seat bonus for finishing first. Its total vote was 1,824,342 . In second place not far behind was Syriza with 26.89 % of the vote and 71 seats. Its total vote was 1,653,994. In third place with 12.28% of the vote was Pasok with 755,249. It will have 33 seats.

In fourth place was the liberal independent Greeks party with 7.51% and 20 seats and 462,175 votes.  In fifth place was the extremist New Dawn party with 6.92 % of vote and 18 seats and  425,792 votes. The democratic left party has 6.25% and 17 seats and 384,674 votes. The communists have 4.5% of the vote, 12 seats and 277,015 votes.

Given these results New Democracy will seek a coalition with Pasok supported perhaps by the Democratic left. It will be a strange coalition made up of two parties who signed on to austerity despite their deep ideological differences. How long it will last is not clear. What more austerity it will demand of the Greek population will be critical to its survival. The opposition led by Syriza promises to be a strong critic of these policies It will have the backing of its electorate as well as that which voted for the the anti austerity positions advocated by several of the smaller parties. The Greek crisis is far from completely resolved.


About haroldchorneyeconomist

I am Professor of political economy at Concordia university in Montréal, Québec, Canada. I received my B.A.Hons (econ.&poli sci) from the University of Manitoba. I also completed my M.A. degree in economics there. Went on to spend two years at the London School of Economics as a Ph.D. student in economics and then completed my Ph.D. in political economy at the University of Toronto. Was named a John W.Dafoe fellow, a CMHC fellow and a Canada Council fellow. I also was named a Woodrow Wilson fellow in 1968 after completing my first class honours undergraduate degree. Worked as an economist in the area of education, labour economics and as the senior economist with the Manitoba Housing and Renewal Corporation for the Government of Manitoba from 1972 to 1978. I also have worked as an economic consultant for MDT socio-economic consultants and have been consulted on urban planning, health policy, linguistic duality and public sector finance questions by the governments of Manitoba, Saskatchewan,the cities of Regina and Saskatoon, Ontario and the Federal government of Canada. I have also been consulted by senior leaders of the British Labour party, MPs from the Progressive Conservative party, the Liberal party and the New Democrats on economic policy questions. Members of the Government of France under the Presidency of Francois Mitterand discussed my work on public sector deficits. I have also run for elected office at the municipal level. I first began to write about quantitative easing as a useful policy option during the early 1980s.
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