Right-wing New Democracy and left-wing Syriza parties are almost neck-and-neck after Greek parliamentary elections, according to the first exit polls.
Greece elections exit polls 75% at 19:00, local time:
New Democracy: 27.5-30.5%
Syriza: 27-30%
Pasok: 10-12%
Greek elections outcomes:
If pro-austerity parties (Pasok and New Democracy) win:
• Could have best chance of re-negotiating bailout
• May say austerity measures need longer time-frame
• But may need a third party to form majority
If anti-austerity parties (Syriza and others) win:
• Syriza threatening not to honor bailout
• If so, Greece could be forced out of euro
• Reintroduction of Drachma would lead to devaluation, inflation and business failures
• But could allow economy to grow
If there is a hung parliament:
• Third round of elections needed
• More political uncertainty
• Restricted access to bailout funds
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