Mike Shedlock

Preliminary exit polls are not good for the pro-austerity, keep Greece in the Eurozone at any cost coalition as 3 parties vie for top post

An exit poll commissioned by Greek media shows three parties are vying for the top spot in the country's critical parliamentary elections, with no definitive front-runner and none gaining enough votes to form a government.

According to the exit poll, the conservative New Democracy party will get between 17 percent and 20 percent; the formerly majority socialist PASOK between 14 percent and 17 percent, and the left-wing Radical Left Coalition, or Syriza, between 15.5 percent and 18.5 percent.

The extreme right-wing Golden Dawn is projected to win enough votes to enter parliament, with between 6 percent and 8 percent, well above the necessary 3 percent threshold.

It is widely expected that New Democracy and PASOK will combine to form a coalition. Both want to stay with the Euro. However, New Democracy wants changes made to agreed upon austerity measures.

PASOK leader Evangelos Venizelos is nothing but a tool for the eurocrat clowns and appears to be a big loser in the elections vs expectations just a few short weeks ago.

Exit Poll Has Anti-Bailout Party in Second Place

Other exit polls show the Radical Left Coalition (Syriza) at 16-19%. Bloomberg reports New Democracy Slightly Ahead in Greek Election, Exit Poll Shows

Antonis Samaras’s New Democracy party showed a slight lead in Greek elections today, receiving between 17 percent and 20 percent of the vote, an exit poll forecast.

Anti-bailout party Syriza got between 16 percent and 19 percent, according to the exit poll broadcast on state-run television NET. Socialist Pasok got between 14 percent and 17 percent, according to the poll.

Spotlight on the Radical Left

The Wall Street Journal proclaims Greek Leftist Comes Into His Own

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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