Hezbollah fires rocket barrages into Israel after deadly Beirut strikes    British man captured while fighting with Ukraine    Far-right candidate takes shock lead in Romania presidential election    Indians risk it all to chase the American Dream    Al Ittihad claims top spot in Saudi Pro League after victory over Al Fateh    Do cigarettes belong in a museum?    Saudi Arabia joins international partnership initiative to boost hydrogen economy    Riyadh Emir inaugurates International Conference on Conjoined Twins in Riyadh    Saudi delegation participates in the 7th U20 Deans Summit in Brazil    Al-Jubeir discusses with EU officials enhancing bilateral cooperation    GASTAT: Non-oil exports up 22.8% in September 2024    Saudi Arabia to host 28th Annual World Investment Conference in Riyadh    Saudi Arabia allows licensed flour milling companies to export flour    Al Khaleej stuns Al Hilal with 3-2 victory, ending 57-match unbeaten run    SFDA move to impose travel ban on workers of food outlets in the event of food poisoning    Al Okhdood halts Al Shabab's winning streak with a 1-1 draw in Saudi Pro League    Saudi musical marvels takes center stage in Tokyo's iconic opera hall    Al Khaleej qualifies for Asian Men's Club League Handball Championship final    Katy Perry v Katie Perry: Singer wins right to use name in Australia    Sitting too much linked to heart disease –– even if you work out    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Socialists claim victory in Greek election
Published in Saudi Press Agency on 04 - 10 - 2009


Greek voters angered by repeated
scandals and a faltering economy ousted Prime Minister
Costas Karamanlis in an early election Sunday, returning
the Socialists to power after five years of conservative
governance, initial results indicated, according to AP.
Final projections issued by the company carrying out the
vote counting indicated that former foreign minister George
Papandreou's Panhellenic Socialist Movement, or PASOK,
would win with a landslide, gaining 43.8 percent of the
vote with Karamanlis' New Democracy trailing with 33.9
percent.
If the figures are confirmed, the Socialists will be able
to form a strong majority government with as many as 160
seats in the 300-member parliament, avoiding the need for a
second round. It would also be New Democracy's worst ever
election performance.
«This is a historic victory for PASOK, which means great
responsibility for us,» senior party official and former
minister Evangelos Venizelos said outside party
headquarters, surrounded by jubilant supporters cheering
and waving PASOK flags depicting the party's symbol of a
green rising sun.
Official results from 18.56 percent of votes counted
showed the Panhellenic Socialist Movement ahead with 43.16
percent, compared to 36.07 percent for New Democracy.
In the last elections in 2007, the conservatives won with
41.8 percent compared to the Socialists' 38.1 percent, and
had a marginal majority of 152 seats in parliament, later
reduced to 151.
Karamanlis, 53, called the election just halfway through
his second four-year term in a gamble that ultimately
failed, saying he needed a strong new mandate to tackle
Greece's economic woes. He had already been trailing in
opinion polls when he called the election in early
September, sparking criticism from within his own party.
Karamanlis stormed to power in 2004 to become the youngest
prime minister in modern Greek history after more than a
decade of socialist rule. He was re-elected in 2007, but
quickly saw his popularity eroded by a series of major
financial scandals, including a land-swap deal with a Greek
Orthodox monastery that cost the state more than ¤100
million ($145 million) and forced two of Karamanlis' close
aides to resign.
Authorities' failure to contain widespread riots sparked
by the fatal police shooting of a teenager in Athens in
December also undermined the conservatives' position, which
the global financial crisis finished off.
Many conservative voters were angered by rising crime and
the December riots, when anarchists rampaged through the
capital and other cities, smashing shops and banks with
little police intervention.
A small bomb exploded in Athens on Friday, without causing
injury, two blocks from the site of Karamanlis' final
campaign speech. A far-left group, Conspiracy Nuclei of
Fire, claimed responsibility for the bombing, which caused
no injuries.
«What I believe is happening today is that Karamanlis is
paying for his past mistakes, for the financial
situation,» voter Alexandros Panagiotakopoulos said
Sunday, standing outside New Democracy's headquarters
watching the results on a giant outdoor screen.
Now, it will be the 57-year-old Papandreou who will have
to deal with his country's faltering economy, which is
expected to contract in 2009 after years of strong growth,
while the budget deficit will probably exceed 6 percent of
economic output.
In contrast to Karamanlis, who advocated an austerity
program of freezing state salaries, pensions and hiring,
Papandreou has promised to inject up to ¤3 billion to
jump-start the economy. However, his government will likely
have to borrow heavily just to service the ballooning debt
_ set to exceed 100 percent of GDP this year _ and keep
paying public sector wages and pensions. Papandreou has
pledged to limit borrowing by reducing government waste and
going after tax dodgers.
The Greek Communist Party, far right-wing LAOS and the
small Left Coalition are expected to retain their
representation in Parliament, while the Ecologist-Greens
were hovering on the fringe of the 3 percent threshold for
entry.
Socialist foreign policy spokesman Andreas Loverdos said
Karamanlis «called an early election to take us by
surprise, and ended up surprising his own party.»


Clic here to read the story from its source.