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Stakes Critical as Greeks Vote

Europe watches, worries about exit from eurozone

By the Associated Press

Posted Jun 17, 2012 8:25 AM CDT

(AP) – Greece is voting today amid global fears that victory by parties that have vowed to ditch bailouts and austerity measures could undermine the eurozone and send the world's major economies reeling. For Greeks, it is the second national election in six weeks, reflecting political turmoil sparked by a two-year financial crisis that some fear could force the country to abandon the euro and return the drachma. That in turn would likely drag down other financially troubled countries and threaten the euro itself.

The last opinion polls published showed the radical left Syriza party of Alexis Tsipras running neck-and-neck with the conservative New Democracy party of Antonis Samaras. But no party is likely to win enough votes to form a government on its own, meaning a coalition will have to be formed to avoid yet another election. Tsipras has vowed to rip up Greece's bailout agreements and repeal austerity measures, but accuses rivals of casting him as the man who will ruin the country, and insists he will keep Greece within the euro—something that opinion polls have shown about 80% of Greeks want. For Samaras, "The main thing we will decide on is the dilemma, euro or drachma." European leaders have cautioned that Greece could be dumped from the 17-nation eurozone if it pulls out of its bailout commitments.

Tourists watch two presidential guards perform outside the Greek parliament in central Athens, on Saturday, June 16, 2012.  Greeks cast their ballots this Sunday for the second time in six weeks.
Tourists watch two presidential guards perform outside the Greek parliament in central Athens, on Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.   (Petros Giannakouris)
A homeless man sleeps next to election posters, with far left political party, on right, reading we are dying now, we can live without Euro, in central Athens, on Saturday, June 16, 2012.
A homeless man sleeps next to election posters, with far left political party, on right, reading "we are dying now, we can live without Euro", in central Athens, on Saturday, June 16, 2012.   (Petros Giannakouris)
A homeless man sleeps on the ground as a woman passes by in central Athens, Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.
A homeless man sleeps on the ground as a woman passes by in central Athens, Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.   (Petros Karadjias)
Maria, 61, a street vendor of corn-on-the-cob pushes her cart in front of election posters of radical left party (SYRIZA) one day before general elections in Athens, Saturday, June 16, 2012.
Maria, 61, a street vendor of corn-on-the-cob pushes her cart in front of election posters of radical left party (SYRIZA) one day before general elections in Athens, Saturday, June 16, 2012.   (Kostas Tsironis)
People enjoy the sun and the sea a day before the elections in Faliro, a coastal suburb of Athens, Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.
People enjoy the sun and the sea a day before the elections in Faliro, a coastal suburb of Athens, Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.   (Petros Karadjias)
Supporters of Greece's radical left-wing Syriza party take part in a rally at Aristotelous square in Thessaloniki, Friday, June 15, 2012.
Supporters of Greece's radical left-wing Syriza party take part in a rally at Aristotelous square in Thessaloniki, Friday, June 15, 2012.   (Dimitri Messinis)
Supporters of New Democracy party waves Greek flags as the leader Antonis Samaras speaks during an election rally at Syntagma square in Athens, Friday, June 15, 2012.
Supporters of New Democracy party waves Greek flags as the leader Antonis Samaras speaks during an election rally at Syntagma square in Athens, Friday, June 15, 2012.   (Petros Karadjias)
Greek men check lists with polling stations one day before general elections, in central Athens, on Saturday, June 16, 2012.
Greek men check lists with polling stations one day before general elections, in central Athens, on Saturday, June 16, 2012.   (Petros Giannakouris)
An Athens municipality employee, right, gives a piece of bread to a homeless man in Athens, Saturday, June 16, 2012.
An Athens municipality employee, right, gives a piece of bread to a homeless man in Athens, Saturday, June 16, 2012.   (Petros Karadjias)
People wait in a line to receive food from municipality of Athens, Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.
People wait in a line to receive food from municipality of Athens, Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.   (Petros Karadjias)
Greek presidential guards perform during the changing of the guards ceremony outside the Greek parliament  in central Athens, on Saturday, June 16, 2012.
Greek presidential guards perform during the changing of the guards ceremony outside the Greek parliament in central Athens, on Saturday, June 16, 2012.   (Petros Giannakouris)
Greece's conservative leader of New Democracy Antonis Samaras  exits a polling booth at a polling station in the southern town of Pylos, on Sunday, June 17 2012.
Greece's conservative leader of New Democracy Antonis Samaras exits a polling booth at a polling station in the southern town of Pylos, on Sunday, June 17 2012.   (Nikitas Kotsiaris)
Leader of the conservative New Democracy party Antonis Samaras speaks to his supporters during an election rally at Syntagma square in Athens, Friday, June 15, 2012. Greece faces crucial national elections on Sunday, that could ultimately determine whether the debt-saddled, recession bound country remains in the eurozone.
Leader of the conservative New Democracy party Antonis Samaras speaks to his supporters during an election rally at Syntagma square in Athens, Friday, June 15, 2012. Greece faces crucial national elections...   (Petros Karadjias)
A supporter of Greece's radical left-wing Syriza party gives water to her dog prior of a rally at Aristotelous square in Thessaloniki, Friday, June 15, 2012.
A supporter of Greece's radical left-wing Syriza party gives water to her dog prior of a rally at Aristotelous square in Thessaloniki, Friday, June 15, 2012.   (Dimitri Messinis)
A couple kiss at the seaside of Thessaloniki in Friday June 15, 2012. Greece faces crucial elections Sunday that could ultimately determine whether the debt-saddled country remains in the eurozone.
A couple kiss at the seaside of Thessaloniki in Friday June 15, 2012. Greece faces crucial elections Sunday that could ultimately determine whether the debt-saddled country remains in the eurozone.   (Nikolas Giakoumidis)
A homeless man sleeps on the ground as people pass by in central Athens, Saturday, June 16, 2012.  Greeks cast their ballots this Sunday for the second time in six weeks.
A homeless man sleeps on the ground as people pass by in central Athens, Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.   (Petros Karadjias)
An elderly man eat his food that he received from municipality of Athens, Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.
An elderly man eat his food that he received from municipality of Athens, Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.   (Petros Karadjias)
A pedestrian checks lists with polling stations one day before general elections in Athens, Saturday, June 16, 2012.
A pedestrian checks lists with polling stations one day before general elections in Athens, Saturday, June 16, 2012.   (Kostas Tsironis)
A woman casts her shadow on a wall as she walks by a poster of leftist party (ANTARSIA) one day before general elections in Athens, Saturday, June 16, 2012.
A woman casts her shadow on a wall as she walks by a poster of leftist party (ANTARSIA) one day before general elections in Athens, Saturday, June 16, 2012.   (Kostas Tsironis)
A man begging for alms lays by a sticker with Greece's national football team players one day before general elections in Athens, on Saturday, June 16 2012.
A man begging for alms lays by a sticker with Greece's national football team players one day before general elections in Athens, on Saturday, June 16 2012.   (Kostas Tsironis)
A woman with her child beg in front of a closed branch of Eurobank one day before general elections in Thessaloniki, Saturday, June 16, 2012.
A woman with her child beg in front of a closed branch of Eurobank one day before general elections in Thessaloniki, Saturday, June 16, 2012.   (Dimitri Messinis)
A man looks at the front pages of newspapers the day before general elections in Thessaloniki, Greece, Saturday, June 16, 2012.
A man looks at the front pages of newspapers the day before general elections in Thessaloniki, Greece, Saturday, June 16, 2012.   (Dimitri Messinis)
Men sit in the sun a day before pivotal elections in Faliro, a coastal suburb of Athens, Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.
Men sit in the sun a day before pivotal elections in Faliro, a coastal suburb of Athens, Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.   (Petros Karadjias)
A boy plays with pigeons in front of the Parliament in central Athens, Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.
A boy plays with pigeons in front of the Parliament in central Athens, Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.   (Petros Karadjias)
Leader of the right-wing LAOS party George Karatzaferis exits a polling booth at a polling station in Athens, on Sunday, June 17, 2012.
Leader of the right-wing LAOS party George Karatzaferis exits a polling booth at a polling station in Athens, on Sunday, June 17, 2012.   (Kostas Tsironis)
Head of Greece's radical left-wing Syriza party Alexis Tsipras casts his ballots at a voting center in Athens, Sunday, June 17, 2012. The sign reads : Parliamentary elections 2012.
Head of Greece's radical left-wing Syriza party Alexis Tsipras casts his ballots at a voting center in Athens, Sunday, June 17, 2012. The sign reads : Parliamentary elections 2012.   (Petros Karadjias)
A Greek woman leaves the booth after voting during the parliamentary elections in Athens, Sunday, June 17, 2012. The signs reads: Parliamentary elections 2012.
A Greek woman leaves the booth after voting during the parliamentary elections in Athens, Sunday, June 17, 2012. The signs reads: Parliamentary elections 2012.   (Petros Karadjias)
A man exits a booth before casting his ballot at a polling station in Athens, Sunday, June 17, 2012. Greeks are voting Sunday for the second time in six weeks.
A man exits a booth before casting his ballot at a polling station in Athens, Sunday, June 17, 2012. Greeks are voting Sunday for the second time in six weeks.   (Petros Giannakouris)
Head of Greece's radical left-wing Syriza party Alexis Tsipras speaks to his supporters during a rally at Aristotelous square in Thessaloniki, Friday, June 15, 2012.
Head of Greece's radical left-wing Syriza party Alexis Tsipras speaks to his supporters during a rally at Aristotelous square in Thessaloniki, Friday, June 15, 2012.   (Dimitri Messinis)
A homeless man queues to receive food aid handed out from the municipality in Athens, Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.
A homeless man queues to receive food aid handed out from the municipality in Athens, Saturday, June 16, 2012. Greeks cast their ballots this Sunday for the second time in six weeks.   (Petros Karadjias)
Supporters of Conservative New Democracy party chat inside an election kiosk one day before general elections in Athens, Saturday, June 16, 2012.
Supporters of Conservative "New Democracy" party chat inside an election kiosk one day before general elections in Athens, Saturday, June 16, 2012.   (Kostas Tsironis)
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Today we open a road to a better tomorrow, with our people united, dignified and proud. In a Greece of social justice and prosperity, an equal member of a Europe that is changing. A Europe of the peoples and of solidarity. - Alexis Tsipras

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COMMENTS
Showing 2 of 3 comments
Fascist_Jack
Jun 17, 2012 10:13 AM CDT
If the Leftist win, gas will become cheaper (US dollar will grow stronger) and Obama stands not to get reelected (Europe's economic crisis grows bigger, dragging the US economy with it.)
Fondue
Jun 17, 2012 9:22 AM CDT
Remember Iceland? They're doing fine and nothing horrible happened. http://www.bloomberg.com/news/2012-02-20/icelandic-anger-brings-record-debt-relief-in-best-crisis-recovery-story.html

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