Greece’s New Democracy party opened up a narrow lead in Greek elections today, receiving between 28.6 percent and 30 percent of the vote, final figures from an exit poll forecast. Anti-bailout party Syriza got between 27.5 percent and 28.4 percent, according to the exit poll, broadcast on state-run television NET. Socialist Pasok is placing third with between 11 percent to 12.4 percent, according to the poll, which is based on the reading from a full sample of 10,000 voter. The results, if confirmed, may give Pasok and New Democracy enough support for them to team up to form a government with a majority of 159 seats in the 300-seat Greek parliament.
If these results hold, it looks like another round of amend and pretend and kick the can down the road a little more. It’s just going to make matters all the more painful in the end, in our opinion. Syriza, an anti-austerity party, is up 10 points over the results last month, and between it and the Communist Party, you’ve got a third of the electorate. If anyone believes harsh austerity measures can be put in place with a strongly dissenting slice of the electorate that large, good luck with that.