Greece holds snap general election

October 5, 2009 - 0:0

ATHENS (AFP) – Greeks are voting in a snap election on Sunday with the opposition socialists vowing to force Prime Minister Costas Karamanlis out of power and drag the economy away from recession.

Final opinion polls put George Papandreou's socialist PASOK party between five and seven percentage points ahead of the ruling New Democracy party going into the election.
“I am certain that together we will change Greece,” Papandreou, who was greeted by dozens of supporters, said after casting his vote in Athens.
“We want to do it, we can do it, and we will achieve it,” added Papandreou, a former foreign minister and son of late prime minister Andreas Papandreou.
Karamanlis also said his party would win. “I have complete confidence in citizens' maturity,” Karamanlis said after voting in his home city of Thessaloniki.
New Democracy, which called the election halfway through a four year term, has been stung by corruption scandals but the economy has taken centre stage in the election campaign.
Buoyed for years by annual growth of about four percent, partly attributed to EU funds, Greece is now on the brink of recession with output growth at near zero.
Greece's public debt, one of the highest in the eurozone, is set to exceed 100 percent of gross domestic product this year, and the European Union placed the country under supervision in April over its excessive budget deficit.
Karamanlis, 53, has promised a two-year austerity policy coupled with a crackdown on tax evasion.
Papandreou, 57, proposes to invigorate the economy with salary and pension hikes above the rate of inflation in 2010.
He has announced a 100-day plan to boost the market, create jobs and clean up public finances.
“Massive sums are being lost (to corruption),” Papandreou told AFP in an interview.
Under the current electoral law the socialists will need to win between 40 and 42 percent of the vote for a workable majority in parliament. Many analysts say PASOK is assured of victory. The Karamanlis government currently has a one seat majority in parliament.