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Greece votes with Europe austerity on the line

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Greece voted Sunday in a crucial general election that could rock Europe by bringing the radical Syriza party to power and spark fears of a possible exit from the euro.

With the austerity-hit EU on tenterhooks, Syriza -- which wants to rewrite Greece's 240-billion-euro ($269 billion) bailout deal -- lead the conservative New Democracy party of Prime Minister Antonis Samaras by around four points, according to the latest polls.

Syriza's 40-year-old leader Alexis Tsipras said that Europe must find an alternative to austerity as he voted amid a media scrum in Athens.

Main economic data ahead of the snap election
Main economic data ahead of the snap election
, Graphics/AFP

"Our common future in Europe is not the future of austerity, it is the future of democracy, solidarity and cooperation," Tsipras said.

He said Greek people would regain "dignity" under a Syriza government.

In exchange for the massive bailout by the EU and the International Monetary Fund in 2010, Greece was forced to accept stringent cuts in public sector spending and tax and pay cuts.

The possibility of a Syriza-led government reversing those measures has sparked fears that Greece could default on its debt and quit the group of 19 countries using the single European currency, although Syriza say it is not their aim to leave the eurozone.

Greek Prime Minister Antonis Samaras casts his ballot at a polling station in Pylos  on January 25  ...
Greek Prime Minister Antonis Samaras casts his ballot at a polling station in Pylos, on January 25, 2015
Valerie Gache, AFP

Samaras said as he voted in his home town of Pylos in the Peloponnese region that Greeks would be taking a huge risk by turning to Syriza.

"Today we decide if are going forward or if we are going towards the unknown," Samaras said.

Some 9.8 million Greeks are eligible to vote in the country's third general election in five years. Polling stations close at 1700 GMT, followed immediately by exit poll results.

- Leap into the unknown -

The first official results are expected at 1930 GMT.

Voters admit that Syriza represent a leap into the unknown, but many believe it is a risk worth taking after years of recession and swingeing cuts that have plunged many Greeks into poverty.

A girl casts the ballot of her mother at a polling station in Thessaloniki  on January 25  2015
A girl casts the ballot of her mother at a polling station in Thessaloniki, on January 25, 2015
Sakis Mitrolidis, AFP

Elli, 20, a student casting her ballot in the Athens suburb of Nea Smyrni, said she would vote for Syriza but admitted she had concerns.

"I was undecided until this morning because I'm afraid that the outcome of a Syriza win could be a default," she told AFP.

But Vaia Katsarou, a 49-year-old lawyer, said Syriza in government would help change Europe.

"Europe awaits Syriza's victory to end austerity policies... it's a risk, but destitute people have nothing to lose," she said after casting her ballot at the main port of Piraeus.

A stack of leftist Syriza ballots at a polling station in Athens  on January 25  2015
A stack of leftist Syriza ballots at a polling station in Athens, on January 25, 2015
Louisa Gouliamaki, AFP

Tsipras says he will confront the "troika" -- the EU, IMF and the European Central Bank -- to secure a reduction in Greece's debts that total 318 billion euros.

He says Greece's lenders have put the country in an "unsustainable" position, forced to make spiralling debt repayments while the economy shrinks.

The IMF has warned Greece that failure to repay its debts will carry "consequences".

German Chancellor Angela Merkel, seen as the driving force in the EU's austerity drive, said Friday she wanted Greece to stay in the eurozone "despite the difficulties".

Unicredit chief economist Erik Nielsen said Greece was in for a "volatile month" and a Greek deal was still possible, but the viability of an anti-austerity government was less certain.

Greek officials prepare ballots at a polling station in Thessaloniki  on January 25  2015
Greek officials prepare ballots at a polling station in Thessaloniki, on January 25, 2015
Sakis Mitrolidis, AFP

"The odds continue to favour a deal after a volatile month or two," he said in a note, adding: "The question is whether whatever coalition government they (could) get will be able to hold on to power beyond a year or so."

Greece has gone into rapid economic decline since the eurozone crisis began, pushing unemployment above 25 percent.

Samaras argues it would be disastrous if voters bring Syriza to power just as the fiscal reforms he has supported since coming to power in 2012 could be about to bear fruit.

The election was triggered when the Greek parliament failed to elect the country's new president in December.

Tsipras, who grew up in a middle-class Athens family and trained as a civil engineer, says Syriza wants to smash the "oligarchy" that has traditionally dominated Greek politics and the media.

A Syriza official told AFP Saturday the party was confident of victory and believed it would have little difficulty in forming a coalition government if it fails to gain the 151 seats required for an absolute majority in the 300-seat parliament.

The neo-Nazi Golden Dawn can expect to at least retain the 18 seats they won two years ago, but are not likely coalition partners.

A victory for Syriza could pave the way for other anti-austerity parties to break through in Europe, such as Spain's Podemos.

Greece voted Sunday in a crucial general election that could rock Europe by bringing the radical Syriza party to power and spark fears of a possible exit from the euro.

With the austerity-hit EU on tenterhooks, Syriza — which wants to rewrite Greece’s 240-billion-euro ($269 billion) bailout deal — lead the conservative New Democracy party of Prime Minister Antonis Samaras by around four points, according to the latest polls.

Syriza’s 40-year-old leader Alexis Tsipras said that Europe must find an alternative to austerity as he voted amid a media scrum in Athens.

Main economic data ahead of the snap election

Main economic data ahead of the snap election
, Graphics/AFP

“Our common future in Europe is not the future of austerity, it is the future of democracy, solidarity and cooperation,” Tsipras said.

He said Greek people would regain “dignity” under a Syriza government.

In exchange for the massive bailout by the EU and the International Monetary Fund in 2010, Greece was forced to accept stringent cuts in public sector spending and tax and pay cuts.

The possibility of a Syriza-led government reversing those measures has sparked fears that Greece could default on its debt and quit the group of 19 countries using the single European currency, although Syriza say it is not their aim to leave the eurozone.

Greek Prime Minister Antonis Samaras casts his ballot at a polling station in Pylos  on January 25  ...

Greek Prime Minister Antonis Samaras casts his ballot at a polling station in Pylos, on January 25, 2015
Valerie Gache, AFP

Samaras said as he voted in his home town of Pylos in the Peloponnese region that Greeks would be taking a huge risk by turning to Syriza.

“Today we decide if are going forward or if we are going towards the unknown,” Samaras said.

Some 9.8 million Greeks are eligible to vote in the country’s third general election in five years. Polling stations close at 1700 GMT, followed immediately by exit poll results.

– Leap into the unknown –

The first official results are expected at 1930 GMT.

Voters admit that Syriza represent a leap into the unknown, but many believe it is a risk worth taking after years of recession and swingeing cuts that have plunged many Greeks into poverty.

A girl casts the ballot of her mother at a polling station in Thessaloniki  on January 25  2015

A girl casts the ballot of her mother at a polling station in Thessaloniki, on January 25, 2015
Sakis Mitrolidis, AFP

Elli, 20, a student casting her ballot in the Athens suburb of Nea Smyrni, said she would vote for Syriza but admitted she had concerns.

“I was undecided until this morning because I’m afraid that the outcome of a Syriza win could be a default,” she told AFP.

But Vaia Katsarou, a 49-year-old lawyer, said Syriza in government would help change Europe.

“Europe awaits Syriza’s victory to end austerity policies… it’s a risk, but destitute people have nothing to lose,” she said after casting her ballot at the main port of Piraeus.

A stack of leftist Syriza ballots at a polling station in Athens  on January 25  2015

A stack of leftist Syriza ballots at a polling station in Athens, on January 25, 2015
Louisa Gouliamaki, AFP

Tsipras says he will confront the “troika” — the EU, IMF and the European Central Bank — to secure a reduction in Greece’s debts that total 318 billion euros.

He says Greece’s lenders have put the country in an “unsustainable” position, forced to make spiralling debt repayments while the economy shrinks.

The IMF has warned Greece that failure to repay its debts will carry “consequences”.

German Chancellor Angela Merkel, seen as the driving force in the EU’s austerity drive, said Friday she wanted Greece to stay in the eurozone “despite the difficulties”.

Unicredit chief economist Erik Nielsen said Greece was in for a “volatile month” and a Greek deal was still possible, but the viability of an anti-austerity government was less certain.

Greek officials prepare ballots at a polling station in Thessaloniki  on January 25  2015

Greek officials prepare ballots at a polling station in Thessaloniki, on January 25, 2015
Sakis Mitrolidis, AFP

“The odds continue to favour a deal after a volatile month or two,” he said in a note, adding: “The question is whether whatever coalition government they (could) get will be able to hold on to power beyond a year or so.”

Greece has gone into rapid economic decline since the eurozone crisis began, pushing unemployment above 25 percent.

Samaras argues it would be disastrous if voters bring Syriza to power just as the fiscal reforms he has supported since coming to power in 2012 could be about to bear fruit.

The election was triggered when the Greek parliament failed to elect the country’s new president in December.

Tsipras, who grew up in a middle-class Athens family and trained as a civil engineer, says Syriza wants to smash the “oligarchy” that has traditionally dominated Greek politics and the media.

A Syriza official told AFP Saturday the party was confident of victory and believed it would have little difficulty in forming a coalition government if it fails to gain the 151 seats required for an absolute majority in the 300-seat parliament.

The neo-Nazi Golden Dawn can expect to at least retain the 18 seats they won two years ago, but are not likely coalition partners.

A victory for Syriza could pave the way for other anti-austerity parties to break through in Europe, such as Spain’s Podemos.

AFP
Written By

With 2,400 staff representing 100 different nationalities, AFP covers the world as a leading global news agency. AFP provides fast, comprehensive and verified coverage of the issues affecting our daily lives.

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