The elections of 25 January, which ended the five-year cycle of the Memorandum period in Greece, are proving to be an event of historical importance for the domestic political scene, while their international resonance is no less significant. The “experimental” process of demolishing representative parliamentary democracy, which was attempted, has been suspended.
The forthcoming elections are of historical importance and will close the cycle of the Memorandum period in Greece. The elections on 25 January will register the reaction of Greek society to what it has endured for the past five years. The social dissatisfaction that has accumulated during the years of implementation of neoliberal policies has clearly (to every well-intentioned analyst) taken on the form of a strong and broadly diverse surge in electoral support for SYRIZA. The magnitude of this surge looks quite likely – today – to result in an albeit slim parliamentary majority.
Four months after European elections, a strong electoral surge can be seen building in favor of the main opposition party as a consequence of: 1) the momentum of the election result, 2) widespread disapproval of the taxation policy being implemented and 3) the repeated failures of government propaganda. The significant electoral rise of SYRIZA, +5% compared to July, has elevated the main opposition party to voter support levels of around 36%, which would correspond to 146 seats in parliament (with a lower estimate of 142 and upper estimate of 150 seats).
Electoral emergence and momentum of the new party of the Left
Since last June, a new party of the Left has been representing over ¼ of the electorate, after increasing its voter support fivefold in less than three years (from 4.6% or 316,000 votes in October 2009). The significant electoral defeat eventually suffered by the party does not alter the fact that it has undergone a spectacular political transformation.
New Democracy one year after elections
In May 2012, New Democracy’s share of the vote (18.85%) proved to be the lowest ever received by the main party of the Right in Greece. But the crushing of PASOK was no less important than this crisis of the Right. It was clear that the Memorandum had deeply divided the conservative party too, a development of enormous political importance.