Greek main parties ‘suffer big losses’

Early results in Greece’s parliamentary election suggest the two main parties have suffered dramatic losses.

With 11% of the vote counted, centre-right New Democracy is in the lead with 22%, down from 33.5% in 2009.

Centre-left Pasok is in second place with 16%, down from 43.9% in the last elections. Syriza, a left-wing coalition, is in third place with 15%.

Pasok and New Democracy, in coalition since last November, were expected to lose support to anti-austerity parties.

There is widespread anger across Greece to harsh measures imposed by the government in return for international bailouts.

Earlier, exit polls put Syriza – which opposes the government’s austerity measures – in second place, narrowly ahead of Pasok.

BBC

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell