Greece elections 2012 exit poll 75%

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