Greece votes in parliamentary elections

According to BBC’s Mark Lowen, smaller parties have a better chance of winning more votes in the ongoing Greece parliamentary elections since majority of the people are opposed to the austerity plan.

Greece is currently involved in parliamentary elections where the two major political parties are expected to lose votes in an anti-austerity remonstration.

Greece votes, parliamentary elections

The two mainstream parties have been together since November last year.

Both of them are expected to face a great challenge from other parties that are opposed to the austerity plan that are aimed at helping the government to take care of the international bailouts.

However, polls have indicated that no single political party will win a majority.

If the new government will be in a position to continue with the austerity program then Greece will be able to access more bailouts from the ECB, EU and IMF.

Any political unsteadiness may cause fresh concerns over Greece’s position in the currency union.

The country’s finance Minister, Wolfgang has noted that if the new government won’t stick to its financial commitments then the country should be ready to face the consequences.

The current financial policy is expected to enable the country save 11 billion Euros in spending by June.

Greek Prime Minister, Lucas Papademos has also noted that the outcome of the polls will play a major role in determine the future of the country.

Early indications suggest there could be a high turnout

According to Lowen, majority of Greeks hope that the French socialist Francois Hollande will win the presidential vote so that he can help to ease EU’s pressure. Hollande has on several occasions expressed his skepticism over the austerity plan.

‘Mass poverty’

Other reports indicate that majority of Greeks are disillusioned with the manner in which the two mainstream parties have handled financial crisis since they ascended to power back in 1970s.

This gives the smaller parties a chance to take power.

A number of Greeks have expressed their dissatisfaction with the ND and the Pasok and they are therefore willing to vote for another smaller party. A lot of polls have showed great prospects or the Golden Dawn which is currently leading with 5%. Pasok’s chairman, Evangelos said that Greeks have an opportunity to choose between austerity and mass poverty.

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