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January 2015 Greek legislative election

(Redirected from Greek legislative election, January 2015)

Legislative elections were held in Greece on Sunday 25 January 2015 to elect all 300 members of the Hellenic Parliament in accordance with the constitution. The election was held earlier than scheduled due to the failure of the Greek parliament to elect a new president on 29 December 2014.[1]

January 2015 Greek legislative election
← June 2012 25 January 2015 September 2015 →
All 300 seats in the Hellenic Parliament
151 seats needed for a majority
Opinion polls
Registered9,949,684
Turnout63.62% (Increase1.13pp)
  First party Second party Third party
 
Alexis Tsipras, prime minister of Greece (cropped).jpg
Antonis Samaras 2014 (cropped).jpg
Nikolaos Michaloliakos (2012-06-17).jpg
Leader Alexis Tsipras Antonis Samaras Nikolaos Michaloliakos
Party Syriza ND ΧΑ
Last election 26.89%, 71 seats 29.66%, 129 seats 6.92%, 18 seats
Seats won 149 76 17
Seat change Increase78 Decrease53 Decrease1
Popular vote 2,245,978 1,718,694 388,387
Percentage 36.34% 27.81% 6.28%
Swing Increase9.45pp Decrease1.85pp Decrease0.64pp
  Fourth party Fifth party Sixth party
 
Stavros Theodorakis 2014 (cropped).jpg
Dimitris Koutsoumpas May 2016.jpg
Panos Kammenos 2013 (cropped).jpg
Leader Stavros Theodorakis Dimitris Koutsoumpas Panos Kammenos
Party To Potami KKE ANEL
Last election – 4.50%, 12 seats 7.51%, 20 seats
Seats won 17 15 13
Seat change New Increase3 Decrease7
Popular vote 373,924 338,188 293,683
Percentage 6.05% 5.47% 4.75%
Swing New Increase0.97pp Decrease2.76pp
  Seventh party
 
Venizelos in Vienna (2014).jpg
Leader Evangelos Venizelos
Party PASOK
Last election 12.28%, 33 seats
Seats won 13
Seat change Decrease20
Popular vote 289,469
Percentage 4.68%
Swing Decrease7.60pp
Most-voted for party by electoral district
Prime Minister before election

Antonis Samaras
ND

Prime Minister after election

Alexis Tsipras
Coalition of the Radical Left

Syriza won a legislative election for the first time, winning 36% of votes and 149 seats, just two short of an absolute majority. The centre-right New Democracy (ND), the outgoing party of government, saw only a small decline from 30% to 28%, but in falling to second place suffered its worst showing to date in terms of seats. Five other parties passed the 3% electoral threshold to gain representation, all winning 5–6% of votes: the far-right Golden Dawn (XA), social-liberal To Potami, the Communist Party of Greece (KKE), right-wing populist Independent Greeks (ANEL), and centre-left PASOK. XA became the third largest party for the first time, while Potami debuted in fourth place. Formerly one of Greece's two major parties, PASOK collapsed even further to become the smallest party in Parliament, winning just 4.7% of votes and 13 seats.[2]

Syriza was in a clear position to lead a new government, winning close to a majority thanks to the majority bonus system. Though they had been expected to seek an agreement with Potami,[3] Syriza instead formed a coalition with the right-wing, anti-austerity ANEL on September 26.[4] Syriza leader Alexis Tsipras subsequently became Prime Minister.

Background

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Main article: Greek government-debt crisis

Greece suffered three distinct economic recessions in the turmoil of the Global Financial Crisis (Q3-Q4 2007, Q2-2008 until Q1-2009, and Q3-2009 until Q4-2013),[5] with private markets becoming inaccessible as a lending source since May 2010 (due to a debt-to-GDP ratio exceeding 146%), leaving the state to choose between conditional bailout funding from the Troika (Eurogroup, IMF, and ECB) or a sovereign default along with being forced to leave the eurozone. The outgoing government chose to accept the offered conditional bailout funding, outlining a certain level of economic reforms, privatization and austerity to be achieved throughout the programme period from May 2010 until March 2016. In return, Greece was scheduled to receive €245.6 billion of long-term bailout loans (with an interest rate moratorium until 2020). The country was also rewarded by private creditors accepting a debt restructuring deal that cut the debt burden of the state by €127.1 billion in 2012 while also transforming the remaining debt pile from short-term bonds with high interest rates to long-term bonds with low interest rates.

The incumbent government was formed after the June 2012 election by New Democracy, PASOK and Democratic Left (DIMAR). Antonis Samaras of New Democracy was Prime Minister. PASOK and DIMAR declined to participate in Samaras' cabinet, which was thus composed of New Democracy members and independents.[6] By April 2013, the government held 167 seats, down from 179 elected in the 2012 election.[7] Of those, nine were expelled for voting against austerity packages, and three left voluntarily.[7]

On 21 June 2013 DIMAR chose to withdraw from the governing coalition in protest at the unilateral closure of the state-owned Hellenic Broadcasting Corporation (ERT) ten days earlier, an action opposed by both DIMAR and PASOK.[8][9][10][11][12] and incriminated by Greece's highest administrative court, the Council of State.[9][10][12] DIMAR's withdrawal left the government with a slim three-seat majority of 153 seats.[10][11][12] Antonis Manitakis, the Minister of Administrative Reform, and Antonis Roupakiotis, the Minister of Justice, both independents, also submitted their resignation to the government.[11][12]

DIMAR said that while they would still work with the government on a case-by-case basis,[12] following another election the party could also work with a SYRIZA-led government.[13]

Third bailout package

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Main article: Third bailout package (Greece)

In an interview with Bild on 10 February 2014, Samaras insisted that Greece did not need a new bailout, despite reports in Germany that the Greek Finance Ministry was working on a plan for one.[14][15] The German Finance Ministry estimated that a third bailout (if established) would have a size between 10 and 20 billion euros.[14]

Both of the latest bailout programme audit reports, released independently by the European Commission and IMF in June 2014, revealed that after transfer of the scheduled bailout funds and full implementation of the agreed adjustment package in 2012, there would be a forecast financing gap of €5.6 billion in 2014, €12.3 billion in 2015 and €0bn in 2016. The new forecast financing gaps, were needed either to be covered by the government's additional lending from private capital markets - or a third additional bailout loan, but could alternatively also be countered by additional fiscal improvements through expenditure reductions, revenue hikes or increased amount of privatizations.[16][17] Due to an improved outlook for the Greek economy, with achievement of a sustained government structural surplus since 2012 - along with both a decline of the unemployment rate and return of positive real GDP growth in 2014,[5][18] it was possible for the Greek government to return to the bond market during the course of 2014 - for the purpose to fully fund its new extra financing gaps by additional private capital.[19] A total of €6.1bn was raised from the sale of three-year and five-year bonds in 2014, and the outgoing ND led government planned to cover its forecast financing gap for 2015 by a continued additional sale of seven-year and ten-year bonds in 2015.[20]

During the second half of 2014, the Greek government again negotiated with the Troika. The negotiations were this time about how to comply with the programme requirements, to ensure activation of the payment of its last scheduled eurozone bailout tranche in December 2014, and about a potential update of its remaining bailout programme for 2015–16. When calculating the impact of the 2015 fiscal budget presented by the Greek government, there were a disagreement, with the calculations of the Greek government showing it fully complied with the goals of its agreed "Midterm fiscal plan 2013–16", while the Troika calculations were less optimistic and concluded that a financing gap of €2.5bn existed (which would have to be covered by additional austerity measures).[21] As the Greek government insisted its calculations were more accurate than those presented by the Troika, it submitted an unchanged fiscal budget bill to the parliament, which was passed by 155 against 134 votes on 7 December.[22] The Eurogroup met on 8 December and agreed to support a technical two-month extension of the part of the Greek bailout programme under its guidance, making time both for completion of the long-awaited fifth final programme review and assessing the possibility for the European Stability Mechanism to set up a precautionary Enhanced Conditions Credit Line (ECCL)[a] in place by 1 March 2015.[23] As part of the review of the bailout programme, the outgoing ND led government had proposed to the Troika, immediately to end the previously agreed and continuing IMF bailout programme for 2015–16, replacing it with the transfer of €11bn unused bank recapitalization funds currently held as reserve by Hellenic Financial Stability Fund (HFSF) (funds in excess from the part of the bailout programme under the guidance of the eurozone), along with establishment of the precautionary ECCL.[21] In December, the Troika announced it was willing to accept this plan by the Greek government of an early exit from the bailout programme accompanied by setting up an precautionary ECCL, conditional the fifth review of the existing bailout programme first had found Greece in full compliance with its terms.[24]

The election scene is expected to take place between pro- and anti-bailout parties. The parties being pro-bailout (ND, Pasok and Potami) argues there is no viable alternative compared to respecting and completing the existing bailout programme under the guidance of the eurozone - so that it can be exited and replaced by a precautionary ECCL on 1 March 2015. While the anti-bailout left-wing Coalition of the Radical Left (SYRIZA) party, argues it will be better to tear apart the existing bailout programme - followed by an attempt to negotiate a new creditor agreement with better terms for Greece.

Presidential election

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Main article: Greek presidential election, 2014–15

On 8 December 2014, Samaras announced that the presidential election would be brought forward by a few months. The first round of voting was held on 17 December, the second on 23 December and the third on 29 December.[25] On 9 December 2014, Samaras had announced the candidacy of ND politician Stavros Dimas, jointly supported by the ruling ND–PASOK coalition, for the presidency.[26]

In the event of no super-majority after the third ballot the Greek Constitution requires the Parliament to be dissolved within ten days of the vote and snap elections to be called.[27] As the ND–PASOK coalition did not have enough seats in Parliament to ensure the election of a President by itself, there was a high possibility of an impasse on the choice, requiring a snap election.

On 29 December 2014, after failing to elect a presidential candidate in the third round of voting with the required 180 votes,[1] prime minister Samaras asked incumbent president Karolos Papoulias to dissolve the parliament. On 31 December, Papoulias formally dissolved the parliament by decree and set the new election to be held on 25 January and the new parliament to reconvene on 5 February 2015.[28]

Financial market reaction to the call of a premature election

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The snap parliamentary elections called because of political opposition in the Greek parliament to elect a new Greek president, threatened to endanger the recently gained Greek recovery, according to several international economic analysts.[29][30][31] The rising political uncertainty also caused the Troika to suspend all scheduled remaining financial aid to Greece under its bailout programme, while noting its support would only resume pending the formation of a new-elect government respecting the already negotiated conditions.[32] Opinion polls ahead of the election provided the anti-bailout party Syriza - which announced it would not comply with the previously negotiated terms in the bailout agreement and demand a "write down on most of the nominal value of debt, so that it becomes sustainable" - with a lead, causing adverse developments on financial markets, with the Athens Stock Exchange suffering an accumulated loss of roughly 30% since the start of December 2014, and the interest rate of the ten-year government bond rising from a low of 5.6% in September 2014[33] to 10.6% on 7 January 2015.[34] According to the ECB Executive Board member from France, "It is illegal and contrary to the treaty to reschedule a debt of a state held by a central bank", meaning such a thing would be incompatible with continued membership of the eurozone.[35] However, the risk of a Greek withdrawal from the eurozone as a result of the upcoming elections were assessed by economists from Commerzbank only to be around 25%, assuming the election would end with the same result as measured by the opinion polls in early January.[36]

Electoral system

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9,808,760 registered voters were called up to vote, as voting in Greece is mandatory.[37] However, none of the legally existing penalties or sanctions[38] have ever been enforced.[39] Rigid restrictions required citizens to cast the ballot in the specific voting district they have been registered to. Combined with the absence of absentee ballots, early voting procedures or voting procedures for expatriate Greeks, many Greeks simply couldn't afford travelling to "their" voting district. With the rising number of expatriates, the turnout was expected to be below the turnout of the 2012 elections.[40]

250 seats were distributed on the basis of proportional representation, with a threshold of 3% required for entry into parliament. Blank and invalid votes, as well as votes cast for parties that fall short of the 3% threshold, are disregarded for seat allocation purposes. 50 additional seats were awarded as a majority bonus to the party that wins a plurality of votes, with coalitions in that regard not being counted as an overall party but having their votes counted separately for each party in the coalition, according to the election law. Parliamentary majority is achieved by a party or coalition of parties that command at least one half plus one (151 out of 300) of total seats.

Opinion polls

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Main article: Opinion polling for the Greek legislative election, 2015
  •  
    Graph of polling from the June 2012 election to the January 2015 election, showing 15-day average trend lines
  •  
    Graph of polling from the June 2012 election to the January 2015 election, showing 8-poll moving average trend lines

Outgoing parliament

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Distribution of seats in parliament 2012−2015
Party 17 Jun 2012
(Election) 		31 Dec 2014
(Dissolution) 		6 Jan 2015
(Pre-election)[b]
New Democracy (ND)
129 / 300
127 / 300
131 / 300
Coalition of the Radical Left (SYRIZA)
71 / 300
71 / 300
71 / 300
PASOK
33 / 300
28 / 300
22 / 300
Independent Greeks (ANEL)
20 / 300
12 / 300
12 / 300
Golden Dawn (ΧΑ)
18 / 300
16 / 300
16 / 300
Democratic Left (DIMAR)
17 / 300
9 / 300
8 / 300
Communist Party of Greece (KKE)
12 / 300
12 / 300
12 / 300
Independent Democratic MPs (ADIV)
0 / 300
17 / 300
13 / 300
River (Potami)
0 / 300
3 / 300
3 / 300
Movement of Democratic Socialists (KIDISO)
0 / 300
0 / 300
6 / 300
Independents
0 / 300
5 / 300
6 / 300

Results

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Results, showing the seats won by each party in each electoral district.
 
Results, showing the winning party in each municipal unit.
  SYRIZA (644)
  ND (377)
  ANEL (2)
  KIDISO (1)
 
PartyVotes%+/–Seats+/–
Syriza2,245,97836.34+8.57149+78
New Democracy1,718,69427.81–1.8576–53
Popular Association–Golden Dawn388,3876.28–0.6417–1
The River373,9246.05New17New
Communist Party of Greece338,1885.47+0.9715+3
Independent Greeks293,6834.75–2.7613–7
PASOK289,4694.68–7.6013–20
Movement of Democratic Socialists152,5572.47New0New
Union of Centrists110,9231.79+1.5000
Teleia109,5001.77New0New
Popular Orthodox Rally63,6691.03–0.5500
Antarsya–MARS39,4970.64+0.3200
Democratic Left–Greens29,8200.48–5.770–17
Marxist–Leninist Communist Parties (KKE (m–l)/M–L KKE)7,9990.13+0.0100
Democratic National Reform Union7,6150.12New0New
Greek People's Democratic Liberation4,7400.08New0New
Workers Revolutionary Party2,3630.04New0New
Organisation of Internationalist Communists1,8540.03New0New
National Resistance Movement6180.01+0.0100
Greek White Movement of Today's Ideology760.00New0New
Radical Orthodox Solidarity Front160.00New0New
Panagrarian Labour Movement of Greece10.00±0.0000
Independents1,3010.02+0.0100
Total6,180,872100.00–3000
Valid votes6,180,87297.64
Invalid/blank votes149,4842.36
Total votes6,330,356100.00
Registered voters/turnout9,949,68463.62
Source: Ministry of Interior

Results by region

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Region SYRIZA
(%)		 ND (%) XA (%) POTAMI
(%)		 KKE (%) ANEL (%) PASOK
(%)
Achaea 43.06 20.63 4.81 5.33 5.49 5.85 3.89
Aetolia-Akarnania 36.53 29.20 6.43 4.13 5.66 3.31 6.05
Argolida 32.29 33.76 7.32 5.01 3.59 2.91 6.65
Arkadia 30.13 36.13 5.83 4.95 4.35 2.64 8.20
Arta 44.14 30.04 3.76 3.37 5.11 2.49 5.26
Athens A 33.61 30.07 7.05 7.23 6.04 4.37 3.47
Athens B 37.08 25.66 5.73 7.66 6.94 4.90 3.40
Attica 37.08 25.90 8.43 6.12 5.37 5.93 3.01
Boeotia 41.55 22.69 6.65 4.57 6.96 4.83 4.22
Cephalonia 38.25 28.92 6.05 3.89 9.34 3.59 4.44
Chalkidiki 33.51 33.00 6.24 4.54 3.23 5.21 7.19
Chania 43.10 19.75 4.33 12.16 4.77 5.76 2.87
Chios 27.11 38.89 4.69 6.32 5.53 2.43 6.83
Corfu 44.92 21.87 5.71 4.84 6.94 5.55 3.89
Corinthia 36.77 29.83 7.29 5.52 2.96 4.13 4.58
Cyclades 35.12 31.59 5.07 6.76 4.15 4.99 4.89
Dodecanese 33.26 32.59 5.53 4.86 3.34 5.32 7.78
Drama 26.69 34.51 5.99 8.34 3.04 5.05 7.26
Elis 37.93 26.89 6.04 3.79 4.11 3.75 8.16
Euboea 40.51 23.70 6.96 5.26 4.98 5.13 5.31
Evros 26.69 37.08 7.50 5.36 3.26 5.32 6.55
Evrytania 37.13 32.70 4.38 6.99 2.90 3.22 4.31
Florina 36.31 35.04 5.01 3.56 3.76 3.94 4.77
Grevena 31.48 33.16 5.83 3.82 6.73 2.62 8.12
Imathia 33.94 28.87 7.48 5.01 4.92 5.38 5.27
Ioannina 39.57 28.23 4.34 5.50 5.55 3.15 5.58
Heraklion 47.85 18.53 2.81 7.87 3.89 4.37 5.91
Karditsa 38.91 30.02 6.42 3.59 6.00 3.34 5.13
Kastoria 27.08 38.78 7.67 5.24 3.63 4.08 4.84
Kavala 31.27 31.21 7.11 5.54 4.27 5.86 6.12
Kilkis 29.40 33.01 8.60 3.69 5.94 4.14 6.77
Kozani 33.11 28.13 5.29 5.75 5.24 6.73 6.47
Laconia 26.51 35.79 10.47 3.66 3.96 2.73 10.99
Larissa 36.14 27.15 6.45 5.74 6.93 4.32 4.49
Lasithi 43.50 24.84 2.81 8.03 2.91 3.11 6.49
Lefkada 36.00 28.89 4.68 4.42 9.54 3.57 4.99
Lesbos 32.94 30.39 4.66 4.26 10.81 5.30 5.12
Magnesia 40.28 24.97 6.90 4.43 5.63 5.25 3.76
Messenia 31.76 37.96 7.20 4.05 4.93 2.68 4.29
Pella 32.14 33.96 7.56 4.53 3.50 3.70 5.79
Phocis 34.77 31.76 6.50 4.12 5.97 4.02 5.01
Phthiotis 35.71 29.13 6.25 3.96 4.25 6.05 3.57
Pieria 30.01 34.08 7.82 3.87 4.25 5.56 4.94
Piraeus A 34.40 29.60 7.44 6.36 5.27 5.33 3.35
Piraeus B 42.07 18.94 7.80 5.53 8.19 5.55 3.13
Preveza 37.94 31.78 4.63 4.34 6.19 2.72 5.46
Rethymno 39.55 24.73 3.11 9.46 3.21 4.56 6.05
Rhodope 48.45 20.64 4.89 12.70 1.84 2.68 3.33
Samos 36.17 24.85 5.54 3.95 15.08 3.65 4.07
Serres 26.23 37.44 6.43 5.71 3.78 5.51 6.20
Thesprotia 35.90 37.61 3.68 4.31 3.76 2.42 5.47
Thessaloniki A 34.12 24.84 7.07 7.00 5.61 5.56 4.12
Thessaloniki B 31.61 29.26 7.93 6.00 5.04 5.87 4.29
Trikala 36.16 32.60 4.64 4.06 6.77 3.03 4.06
Xanthi 45.40 23.58 4.79 4.51 2.38 4.08 6.45
Zakynthos 42.99 24.00 4.79 7.52 8.66 2.73 3.92

Government formation

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Main article: January 2015 Greek government formation

Notes

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  1. ^ The ECCL instrument is often used as a follow-up precautionary measure, when a state has exited its sovereign bailout programme, functioning as an extra backup guarantee mechanism with transfers only taking place if adverse financial/economic circumstances materialize, but with the positive effect that its sole existence help calm down financial markets - making it more safe for investors to buy government bonds - and hereby it will aid the attempt for the government to raise funding capital from the private capital market.[21]
  2. ^ After dissolution, a number of MPs changed their party allegiance as a consequence of various events. This is how the parliament would have looked on the hypothesis that it had not been dissolved until election day.

References

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  1. ^ a b "Greece parliament fails to elect president". Al Jazeera. 29 December 2014. Retrieved 29 December 2014.
  2. ^ "Parliamentary Elections January 2015". Ministry of Interior. Retrieved 14 February 2021.
  3. ^ "Greek Elections 2015 Results". Kathimerini. Retrieved 25 January 2015.
  4. ^ Tugwell, Paul; Chrepatitle, Eleni (26 January 2015). "Tsipras forges anti-austerity coalition in challenge to EU". Kathimerini. Retrieved 26 January 2015.
  5. ^ a b "Quarterly National Accounts: 3rd Quarter 2014 (Flash Estimates) and revised data 1995 Q1-2014 Q2" (PDF). Hellenic Statistical Authority (ELSTAT). 14 November 2014. Archived from the original (PDF) on 14 November 2014.
  6. ^ "Antonis Samaras announces cabinet". BBC News. 21 June 2012. Retrieved 24 March 2013.
  7. ^ a b "Small majority for austerity raises big doubts". Athens News. 24 March 2013. Archived from the original on 25 January 2013. Retrieved 24 March 2014.
  8. ^ Smith, Helena (21 June 2013). "Democratic Left withdraws from Greek coalition government". The Guardian. London. Retrieved 23 June 2013.
  9. ^ a b "Greece's Democratic Left party defects from coalition". BBC News. 21 June 2013. Retrieved 23 June 2013.
  10. ^ a b c Kitsantonis, Niki; Donadio, Rachel (21 June 2013). "One Coalition Partner Quits Greek Government". The New York Times. Retrieved 23 June 2013.
  11. ^ a b c "Democratic Left confirms it is withdrawing from government". Kathimerini. 21 June 2013. Retrieved 23 June 2013.
  12. ^ a b c d e "Democratic Left leaves government". Eleftherotypia. 21 June 2013. Retrieved 23 June 2013.
  13. ^ "I. Michelogiannakis: "We can work with SYRIZA" (in Greek)". Capital. Greece. 22 June 2013. Retrieved 23 June 2013.
  14. ^ a b "Greece does not need third bailout, Samaras tells Bild". Kathimerini. 10 February 2014. Retrieved 10 February 2014.
  15. ^ "PM Samaras: Greece does not need a third bailout". Athens-Macedonian News Agency. 10 February 2014. Retrieved 10 February 2014.
  16. ^ "Occasional Papers 192: The Second Economic Adjustment Programme for Greece. Fourth Review, April 2014" (PDF). Table 11. Greece Financing Needs 2012–2016. European Commission. 18 June 2014.
  17. ^ "IMF Country Report No. 14/151: Greece - Fifth Review under the Extended Arrangement under the Extended Fund Facility, and Request for Waiver of Nonobservance of Performance Criterion and Rephasing of Access; Staff Report; Press Release; and Statement by the Executive Director for Greece" (PDF). Table 14. Greece: State Government Financing Requirements and Sources, 2013–16. IMF. 9 June 2014.
  18. ^ "European Economic Forecast Autumn 2014 - 8.Greece" (PDF). European Commission. 4 November 2014.
  19. ^ "Greek economy to grow by 2.9 pct in 2015, draft budget". Newsbomb.gr. 6 October 2014.
  20. ^ "Greece plans new bond sales and confirms growth target for next year". Irish Independent. 6 October 2014.
  21. ^ a b c "Analysis: Markets keep government in check". Kathimerini. 16 November 2014.
  22. ^ "Greek Parliament passes 2015 budget as leaders clash". Kathimerini. 8 December 2014.
  23. ^ "Eurogroup statement on Greece - 8 December 2014" (PDF). Eurogroup. 8 December 2014.
  24. ^ "German finance ministry forwards to Bundestag Greece's requests for extension and precautionary credit line". Athens News Agency. 17 December 2014.
  25. ^ "Στις 17 Δεκεμβρίου η πρώτη ψηφοφορία για την εκλογή Προέδρου Δημοκρατίας" (in Greek). in.gr. 8 December 2014. Retrieved 11 December 2014.
  26. ^ "Σαμαράς: Ο Σταύρος Δήμας υποψήφιος Πρόεδρος Δημοκρατίας" (in Greek). in.gr. 9 December 2014. Retrieved 11 December 2014.
  27. ^ "Τι προβλέπει το Σύνταγμα για την εκλογή Προέδρου της Δημοκρατίας" (in Greek). in.gr. 8 December 2014. Retrieved 11 December 2014.
  28. ^ Granitsas, Alkman (2014-12-31). "Greek Parliament Formally Dissolved, Campaigning Begins". The Wall Street Journal. Retrieved 2015-01-04.
  29. ^ "Stakes rise for Greece as risky election looms". CNN. 23 December 2014.
  30. ^ "Early elections for Greece after parliament fails to pick president". DPA International. 29 December 2014. Archived from the original on 29 December 2014.
  31. ^ "Greece heads to election after PM Samaras loses vote on president". Reuters. 29 December 2014.[dead link]
  32. ^ "IMF suspends aid to Greece ahead of new elections". Kathimerini. 29 December 2014.
  33. ^ "Greek parties embark on election amid debate on euro". Kathimerini. Bloomberg. 5 January 2015.
  34. ^ "Greek 10-year bond yields exceed 10 pct for first time since 2013". Kathimerini. Bloomberg. 7 January 2015.
  35. ^ "Greek debt held by ECB cannot be restructured, says Coeure". Kathimerini. Reuters. 9 January 2015.
  36. ^ "'Grexit' is back: A Greek exit from the euro raises fears of fiscal contagion". Kathimerini. Bloomberg. 5 January 2015.
  37. ^ "Constitution of Greece" (PDF). Hellenic Parliament. Retrieved 5 November 2011. Article 51, Clause 5: The exercise of the right to vote is compulsory.
  38. ^ Προεδρικό Διάταγμα 96/2007 [Presidential Decree 96/2007] (in Greek). Article 117, Clause 1: The elector who unjustifiably does not vote is punished with imprisonment of [at least] one month and up to one year.
  39. ^ Υποχρεωτική η ψήφος αλλά "παγωμένες" οι κυρώσεις [Voting is mandatory, but penalties "frozen"]. Eleftherotypia (in Greek). Archived from the original on 17 February 2013. Retrieved 7 November 2011.
  40. ^ "Elections 2015 Facts & Figures". Kathimerini. 21 January 2015. Retrieved 25 January 2015.
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