Victory for Alexis Tsipras and Syriza in Greek Election

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Jubilant supporters of Alexis Tsipras’ left-wing Syriza party cheered&comma; waved party flags and danced Sunday after the party comfortably won Greece’s third national vote this year despite a rebellion within his party over his acceptance of a painful third international bailout&period;<&sol;p>&NewLine;<p>With 44&percnt; of the vote counted&comma; Syriza stood at 35&period;5&percnt;&comma; with the conservative New Democracy at 28&percnt; while the Nazi-inspired Golden Dawn was coming in third with 7&period;1&percnt;&comma; followed closely by the once-mighty socialist Pasok party with 6&period;3&percnt;&period;<&sol;p>&NewLine;<p>Abstention was high&comma; at nearly 45&percnt; in an election-weary country with a traditionally high voter turnout&period;<&sol;p>&NewLine;<p>Although Syriza was projected as falling short of an absolute majority in the 300-member parliament&comma; Mr Tsipras was expected to form a coalition government with relative ease&period;<&sol;p>&NewLine;<p>His former coalition partner&comma; the small nationalist Independent Greeks&comma; was set to win just above the 3&percnt; threshold to enter parliament&comma; while centrist parties have indicated they would agree to a coalition to ensure repeat elections are not necessary&period;<&sol;p>&NewLine;<p>New Democracy head Vangelis Meimarakis conceded defeat and called for a government to be formed quickly&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The election result appears to be forming comprehensively with Syriza and Mr Tsipras coming first&comma;” Mr Meimarakis said&period; &OpenCurlyDoubleQuote;I congratulate him and call on him to form the government that is necessary&comma; and bring the &lpar;proposal&rpar; to parliament&period;”<&sol;p>&NewLine;<p>A total of eight parties appeared set to win parliamentary seats&period; The new anti-bailout Popular Unity party&comma; formed by rebel Syriza members who objected to Mr Tsipras’ agreement to a third bailout for Greece&comma; was projected to fall just shy of the 3&percnt; parliamentary threshold&period;<&sol;p>&NewLine;<p>A tired-looking Mr Tsipras was hugged by party supporters as he arrived at Syriza headquarters&comma; waving to the crowd gathered outside&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;What a result&excl; It’s hard to describe&period; Tsipras will fight for the people&comma; for Greece and for Europe&comma; said Maria Nixa&comma; a 58-year-old private company employee celebrating outside Syriza’s main election campaign booth in central Athens&period;<&sol;p>&NewLine;<p>Pensioner Antonis Antonios&comma; 75&comma; echoed her sentiments&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;It’s a great and hopeful result&period; We are moving forward&period; I am waiting for the next government to put up a fight&comma;” he said&period; &OpenCurlyDoubleQuote;They are the only ones capable of a brave struggle&period;”<&sol;p>&NewLine;<p>It is the third time this year Greeks have voted&comma; after January elections that brought Mr Tsipras to power on an anti-bailout platform&comma; and a July referendum he called urging voters to reject creditor reform proposals&period;<&sol;p>&NewLine;<p>The 41-year-old former prime minister triggered the election by resigning in August&comma; barely seven months into his four-year term&comma; after facing the Syriza rebellion over his policy U-turn in accepting the spending cuts and tax hikes stipulated by the bailout&period;<&sol;p>&NewLine;<p>Syriza member and former energy minister Panos Skourletis applauded the result&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;It is the first time a party brings in a tough bailout deal and is rewarded&comma;” he said on private Alpha television&period; &OpenCurlyDoubleQuote;Until now&comma; the electorate was clearly anti-bailout&period;”<&sol;p>&NewLine;<p>Former finance minister Euclid Tsakalotos said stability lay ahead for Greece&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;I think we will be the &lpar;first&rpar; party&comma;” he said on Star television&period; &OpenCurlyDoubleQuote;I can’t say that it will be a government for four years&comma; but I can say that it is very unlikely that there will be elections in the next 12 months&period;”<&sol;p>&NewLine;<p>Mr Tsipras has argued he had no choice but to accept the demands of European creditors for more tax hikes and spending cuts in return for Greece’s third rescue&comma; a three-year package worth 86 billion euro&period; Without it&comma; Greece – which has relied on international rescue loans since 2010 – faced bankruptcy and a potentially disastrous exit from Europe’s joint currency&period;<&sol;p>&NewLine;<p>Mr Tsipras had called on Greeks to give the next government a strong mandate that will allow it to govern for a full four-year term and to &OpenCurlyDoubleQuote;continue with the same decisiveness&comma; the same self-denial to fight the battles for the defence of our people’s rights&comma; not only in Europe but this time within the country too”&period;<&sol;p>&NewLine;<p>The pre-election campaign was lacklustre and somewhat muted – a far cry from the frenetic&comma; high-stakes January campaign&comma; which pitted the anti-bailout Mr Tsipras against centrist parties that argued the deal with other eurozone countries was the country’s best chance for an eventual return to some form of economic normalcy in a country ravaged by recession and with unemployment at around 25&percnt;&period;<&sol;p>&NewLine;<p>Now&comma; the policies for the winner have already been set in the bailout deal&comma; and the anti-austerity camp has been reduced to Golden Dawn&comma; Popular Unity and the Communist Party&period;<&sol;p>&NewLine;<p>Some voters&comma; who had hoped that Mr Tsipras would make good on his promises to end austerity and get a better deal out of Greece’s creditors have been so disappointed that they chose to abstain this time and&comma; perhaps&comma; in the future&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;I’m not going to vote again until I go to my grave&comma;” said Giorgos Papantonopoulos&comma; 57&comma; a taxi driver&period; &OpenCurlyDoubleQuote;I was a conservative and a New Democracy member&period; I voted for Tsipras in January so he could make good on his promises&period;”<&sol;p>&NewLine;<p>Mr Meimarakis’ campaign had centred on a return to stability&period; He painted Mr Tsipras as a reckless&comma; inexperienced politician who led the country toward a potential catastrophe and introduced strict banking restrictions in an effort to stem a bank run&period;<&sol;p>&NewLine;<p>Syriza&&num;8217&semi;s campaign focused on doing away with the staid and often corrupt politics of the past&period;<&sol;p>&NewLine;<p>The new government will have little time to waste&period; Creditors are expected to review progress of reforms as part of the bailout next month&comma; while the government will also have to draft the 2016 state budget&comma; overhaul the pension system&comma; raise a series of taxes&comma; including on farmers&comma; carry out privatizations and merge social security funds&period;<&sol;p>&NewLine;<p>It must also oversee a critical bank recapitalisation program&comma; without which depositors with over 100&comma;000 euro in their accounts will be forced to contribute&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed5d9ba7c21">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; 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