Greek opposition declares anti-austerity triumph in local vote

ATHENS Mon May 19, 2014 10:08am EDT

Greece's leader of Radical Left Syriza opposition party Alexis Tsipras addresses parliamentarians in Athens January 17, 2013. REUTERS/Yorgos Karahalis

Greece's leader of Radical Left Syriza opposition party Alexis Tsipras addresses parliamentarians in Athens January 17, 2013.

Credit: Reuters/Yorgos Karahalis

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ATHENS (Reuters) - Greece's main opposition party Syriza declared a victory for its anti-austerity message on Monday after its candidates fared strongly in big local election races in Athens and the surrounding region.

In what may have been a foretaste of the upcoming European Parliament vote, a candidate for the radical leftist party got most votes on Sunday in the race to govern the wider Athens region and another made the runoff for Athens mayor, knocking out Prime Minister Antonis Samaras's mayoral candidate.

Both candidates will be in runoffs against more mainstream leftist-backed incumbents, who now have Samaras's support.

"This is an omen for political change because Greeks are extremely frustrated, disappointed and desperate because of austerity policies and are trying to find a way to express this frustration," Syriza leader Alexis Tsipras told La Repubblica newspaper in Italy where he was campaigning on Monday.

Tsipras is the radial European Left's candidate to become the next European Commission president.

"The polls show that Syriza will win the EU (Parliament) elections next Sunday and this will probably trigger political developments in the country but also send a strong message to Europe against austerity."

Syriza, which is against Greece's European Union/International Monetary Fund bailout, has sought to cast the local and EU elections next week as a referendum on the ruling coalition's pro-bailout, austerity policies.

Samaras's government, however, played down Sunday's results as inconclusive, pointing to a string of first-round victories by the two ruling coalition parties in the remaining 12 regions as well as in most other big cities.

"This result does not give anybody a reason to celebrate," government spokesman Simos Kedikoglou told Greek television, denying the government's stability was at stake.

"The key issue is stability. The government must conclude its mission. We are at a decisive phase. We have covered a big part of the journey but we still have work to do."

Financial markets also took the results in their stride.

The Athens stock market .ATG was up 0.9 percent in afternoon trade after rising as much as 3.4 percent earlier on Monday, with traders saying the results were not a knock-out blow to the government as feared.

"It's not as disappointing as the market had discounted at the end of last week," said Takis Zamanis, a trader at Athens-based brokerage Beta Securities. "This result doesn't seem to be threatening the government's stability."

Yields on 10-year Greek government bonds were down 10 basis points to 6.68 percent.

Investors are closely watching the outcome of next week's EU vote to see if it ushers in a new bout of political instability in Greece that dashes a feeble recovery taking root in the country after six years of recession.

Polls have largely shown Syriza with a narrow lead over Samaras's conservative New Democracy party for the EU vote, though one poll published on Sunday by Kapa Research showed Syriza with a nearly 5 point lead over the ruling party.

(Corrects paragraph two to show Syriza made runoff for Athens mayor, not that it won most votes)

(Additional reporting by Harry Papachristou and Renee Maltezou, Writing by Deepa Babington Editing by Jeremy Gaunt)

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Comments (4)
Well it was! No voter of Siriza even had anyone to vote for from previously in the local elections! In some areas in Greece, all candidates were from “Nea Dimocratia” Party! Despite that, Siriza did good!
What matters is next week!
Will an opportunity for Greeks to get rid the “Mafia” Alike Government get through? Or “mafia” will prevail?

Already they have a tremendous support from Media, Europe, even Markets (!!) lend them bonds with less than 5%, the same week that the Video of the Prime Minister assistant got out, admitting that Golden Dawn arrest was a political prosecution to get more votes!!!

The markets thought of course that everything was right in the country! We are talking about Greece right? The same country with an actual deficit, considering all expenses (the billions to banks where not counted in the Government figures), unemployment of 28%, deflation and debt that gets higher by the day (deflation is great at this!).

May 19, 2014 5:03pm EDT  --  Report as abuse
Well it was! No voter of Siriza even had anyone to vote for from previously in the local elections! In some areas in Greece, all candidates were from “Nea Dimocratia” Party! Despite that, Siriza did good!
What matters is next week!
Will an opportunity for Greeks to get rid the “Mafia” Alike Government get through? Or “mafia” will prevail?

Already they have a tremendous support from Media, Europe, even Markets (!!) lend them bonds with less than 5%, the same week that the Video of the Prime Minister assistant got out, admitting that Golden Dawn arrest was a political prosecution to get more votes!!!

The markets thought of course that everything was right in the country! We are talking about Greece right? The same country with an actual deficit, considering all expenses (the billions to banks where not counted in the Government figures), unemployment of 28%, deflation and debt that gets higher by the day (deflation is great at this!).

May 19, 2014 5:03pm EDT  --  Report as abuse
GreekAnalyst wrote:
The election in Greece is a battle literally, between illegal people who have emblezzled billions and are controlling the Goverment positions and the justice system and all Greeks that are their victims! Unfortunately, one side has tremendous support by Germany, US and all the banking lobby who appears to be a participant in a global scandal, who is unfolding more clearly in Greece.

Its just a matter of luck that a left wing party is coming close to power that is not controlled by these interests! I am guessing even chairs in ECB, that are giving away “free” civilian cash to corrupted bankers with no audit whatsoever, should have to account for these events in the European Court of Justice, or United Nations! These Bankers should be held liable for their actions!

May 21, 2014 8:43pm EDT  --  Report as abuse
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