Euro

Greece, France, and Egypt Vote. Good News Left Wanting

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The most important election in modern Greek history has predictably left the politicians of Greece the unenviable task of forming a coalition. At the time of writing New Democracy has the most seats, 108 of the Greek Parliament's 300 seats. Syriza, New Democracy's most prominent opposition, gained 19 seats and now holds 71 seats in total. The five remaining parties have all lost seats. Despite the increase in seats enjoyed by New Democracy and Syriza neither has enough seats to form a government, though New Democracy is in a better position. Leader of Syriza, Alexis Tsipras, has called to congragulate the leader of New Democracy, Antonis Samaras. 

Pasok (the Panhellenic Socialist Movement) came third, and looks likely to be the most feasible partner in a New Democracy-led government. With New Democracy's 108 seats and Pasok's 34 seats a government could be formed. However, while the mathematics of the election results is comparatively simple, the politics is not.

The BBC reported that a senior Pasok MP said that the party would be willing to form a new government with New Democracy, but only if Syriza is represented. It is too early to establish how widespread this attitude is amongst Pasok politicians and supporters. Even if widespread, such attitudes would probably be repressed in order to form a government as soon as possible. 

A New Democracy-led government would be a relief to the Eurocrats in Brussels who would prefer a government to be formed soon. A drawn out negotiation process will not reassure the markets or advocates of the European project.

Greece wasn't the only country on the Mediterranean to hold elections today. Both France and Egypt also held elections.

Egyptians voted in low numbers in the second and last round of voting for their country's first president since Mubarak left office. The two candidates are Mohamed Morsi from the Freedom and Justice Party and Mubarak's former Prime Minister, Ahmed Shafiq. When one considers that the choice being given to the Egyptians is between someone from the regime the Arab Spring deposed and someone with strong links to the Islamist Muslim Brotherhood it is not hard to see why the turnout has been low.

In France Hollande's socialists have won a majority in parliament and will not need the support of the communists or the greens to pass legislation. The socialists were not the only ones with good news, the xenophobic National Front won its first seats since the 1980s.

It will be a few days and perhaps even weeks before the full implications of these elections are clarified. Greece looks to be on track to establish a government sooner than many thought, though how the German government will work with the socialist French government and a pro-bailout and pro-euro Greek government in order to save the euro is not clear. Egypt's election looks only to be the latest disappointment the Arab Spring has delivered.

NEXT: Anthony Randazzo on the Real Estate Non-Recovery

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  1. Great. I fully expect a bunch of TEAM SYRIZA trolls to come in here crying voter fraud.

    1. They did let Greece win against Russia in Saturday’s football match.

  2. An openly socialist government in a major European country just over 20 years after the collapse of the red empire.

    Nuke that fucking continent. Nuke it with a ceaseless cascade of high-yield thermonuclear devices, and then burn every map of Europe you can find or buy.

    1. From orbit? That’s the only way to be sure, from what I’ve heard.

      1. Everything we’ve got. Make it utterly uninhabitable. Eviscerate the taint.

        1. I want concession rights for popcorn and beer.

          1. You know what I want? I want a time machine. I want a fucking time machine so that when it’s nuked once, I can go back in time repeatedly, and watch it get nuked again and again and again.

            And then, just for a change of pace, I’ll go back and watch it get nuked again.

            If you want to share in the righteous cleansing, you’d better book a seat now. The machine has like 5 seats, dude.

            1. I’ll settle for watching it on PPV, so you can bring along the Monopoly Guy.

            2. Is a hot tub involved?

        2. Make it utterly uninhabitable.

          there appears to be great effort to achieve that from the inside.

          1. Put the DNC in charge, and it’ll happen even sooner.

            1. Ben Bernanke and Michael Bloomberg would be best, I think, if you’re aiming for the results of thermonuclear warfare without actually having to have a thermonuclear war.

              1. Don’t forget to have seats at the table for Van Jones and Michael Moore.

                And make sure the table is at Ground Zero for the nuke strike.

                1. Holy shit, how could we have forgotten Nancy Pelosi?

                  She can be Supreme Empress of Greece in our task to make it the most inhospitable place in the known universe!

                  1. D’lessansdro is Italian. She wants Europe’s Boot.

                    1. Greece went to shit sooner, giving us an opportunity to ship her away sooner. I ain’t waiting for Italy to fall apart to deport the crazy witch, Groovus.

    2. New Democracy is a center-right party. They’re going to have to make nice with socialists to form a govt but that’s not a new thing in European politics.

      1. ‘Center-right’ means nothing in Europe aside from ‘less anti-American’.

        1. It just means more welfare for nationals, not foreigners.

    3. I would at least like a heads up before you do so, RPA. I am allergic to intense, vaporizing heat. I don’t even like humidity.

      1. Awful choice of country, Groovus, because Ukraine’s a former SSR, and I’ll be nuking those first. Better cancel those travel plans.

        25 megatons times 50,000 should satisfy me.

        1. Jeebus, I’m not even using that much with my Maritime Annihilation Project (sans PEI and Montreal).

          What about the Baltics? Those nice Latvians, Lithuanians, and most notably, Estonians? I have a friend who is enamored of Tallinn.

          1. Yeah, but that’ll take time. Do you know how damned big Russia is? Do you know how long it’s going to take me to drop enough ordinance to kill everybody in it? Fucking Siberia.

            1. Fun Fact: The country of Russia occupies eleven different times zones.

              Start with the tundra and taiga first.

              1. I’ll start with Rostov — my family’s ancestral base. Awful, awful police and local government. Like, Zimbabwe-grade awful.

                Only then can I get to work on the bears and owls in the great forests of the east.

                1. Oh, leave Ivanovo in peace. I have fond memories of that little place.

                  1. Only if you bring gifts of fealty to my golden throne.

                    1. Warty already ate them and drank all my blood booze. It’ll take my forever to make a another batch. That stuff doesn’t grow on trees!

                    2. Paul Krugman disagrees. MAKE IT WORK!!!!

    4. An openly socialist government in a major European country just over 20 years after the collapse of the red empire.

      Yes, but Blefuscu breaks their eggs on the Big-End. A completely different ideology than the Little-Endianism.

    5. Go fuck yourself. I live in Europe and enjoy the privilege of being able to take a piss in public without being a lifelong sex offender, being able to drink a beer in front of a pub without being jailed, smoke actual cigarettes in a pub, and open carry a firearm.

      1. I live in Europe and enjoy the privilege of being able to take a piss in public without being a lifelong sex offender, being able to drink a beer in front of a pub without being jailed, smoke actual cigarettes in a pub, and open carry a firearm

        Well, we know you’re not in Britain at least.

      2. and open carry a firearm

        Where is this?

        1. Czech Republic.

          1. Also, UKR doesn’t have the nebulous speech codes of the Russian Federation, though it is wise to keep comments polite and not using mat-speak.

          2. Vaclav Klaus is da man

            1. No he’s not, he’s a hypocritical piece of shit, actually.

              1. Well, that’s sad to hear… his rhetoric is really good, but if that’s the case, in some ways it reminds me of Jefferson once he became president.

              2. This is different from most, if not almost all, politicians how?

        2. “Gun must be carried in a concealed manner and no more than two firearms for self-defense can be carried by one person. For special purposes, open carry can be allowed by the police.”

          1. I don’t own a firearm, but a friend of mine has open carried a 9 mm for many years and never had a problem. I don’t know what the laws are, but I do know what the laws are much less constrictive in practice.

            1. That’s why I use the term ‘Czech Republic Syndrome’ to denote places with shitty laws technically, but where they’re significantly unenforced. And that’s a good thing, by the way. I wasn’t pissing at it.

              1. Remember, RPA: “Bribery is the lubricant to honest commerce.”

                1. I sense a prostitution joke coming, Groovus, you sick man.

                  1. “Vzjatochnichyestvo javljaetsjia smazkoj chestnoj torgovlye.”

                    1. Speak Russian, or was that a translator?

                    2. Ja govorju. πŸ™‚

                    3. Well, Jim speaks some Russian due to college, but what’s your excuse? Soviet sleeper agent, maybe? *Narrows eyes*

                    4. One of my med school professors speaks it and taught me for a trip to Russk, Ivanovo, specifically. Cyrillic was easy, but my script stinks and have to write it in block print; I misspell translits rather easily too, and I’m still working on mat fluency like you are with English profanity.

                    5. I do that in every language. I’d have to break things if I didn’t, and breaking things costs money, so liberalnoye pol’zavanye matom is preferable.

                      Also, I can’t call Russian my native language. I moved early enough that I think exclusively in English.

                    6. RPA, you’re really Alyona Minkova, aren’t you? HA!

                    7. Minkovski? Ugh. She’s a pretty hardcore progressive. And she’s allegedly fluent in Spanish, too, which makes her trilingual. Stop making me feel inadequate. πŸ™

                    8. Minkovski? Ugh. She’s a pretty hardcore progressive. And she’s allegedly fluent in Spanish, too, which makes her trilingual. Stop making me feel inadequate. πŸ™

                      She looks more like a -ova than a -ski; besides, you don’t have The Babooshka Gene either so I wouldn’t feel inadequate unless she has a bigger dick than you (which may be possible for all us menfolks). Es-span-yole? Work on it. All you need to know is the profanity anyway with the advent of Spanglish.

                    9. I think exclusively in English.

                      Too bad. You’ll never be recruited to steal the Firefox.

                    10. You’ll never be recruited to steal the Firefox.

                      Why would you want to steal a free download, Clint?

                      /snarkski

                    11. Or,

                      In Soviet Russia, Firefox browses YOU!

              2. Yes, weird how that works out in practice. I think it’s a leftover from the knee-jerk anti-authoritarianism that Czechs had not just from being a satellite state but being a satellite state under the Holy Roman Empire.

                Okay, now I’m really off to bed.

                1. Still, even the laws on the books are much better than other European countries and some are better than the US. Just the ability to legally carry conceal two guns is pretty good. I suppose you’d have to go to Switzerland for official open carry. Nonetheless, official policies wrt vices are still better, and I’d take your 15% flat income tax too over going through IRS bullshit (which still nets me higher taxes)

              3. shitty laws technically, but where they’re significantly unenforced. And that’s a good thing, by the way.

                Selective enforcement is a bitch. Complete non-enforcement is fine while it lasts, but you never know when it’s going to stop lasting.

                1. Yeah. But free people will take what we can get.

            2. My state has a constitutional guaranteed right to open carry THAT IS ENFORCED BY THE COURTS, so the Czech Republic can suck it.

              Rights dont come from the government but having them in fucking written form is nice.

      3. Go fuck yourself.

        Yes, because a facetious suggestion to commit thermonuclear holocaust upon a continent is to be taken seriously.

        By the way, sodomy’s still illegal in some states. How do you know I don’t live in one of them? Are you encouraging me to break the law?

        Fuck, man, irresponsible much?

        1. Because being annoyed by your idiotic generalization makes me irresponsible.

          And yes I know you are from Russia or have family in Russia, or something, and you were just being, uhm, facetious.

          Still, you can go fuck yourself. How’s that for facetious?

          1. “Because being annoyed by your idiotic generalization…”

            That’s the fucking point. It was a joke.

            “… makes me irresponsible.”

            That was an attempt to lighten the mood with another joke following your recommendation that I go fuck myself. I guess that didn’t work either.

            “And yes I know you are from Russia or have family in Russia, or something, and you were just being, uhm, facetious.”

            I don’t know what that has to do with anything, but both.

            “Still, you can go fuck yourself. How’s that for facetious?”

            It worked. Like I said, I even tried responding with a counter-joke.

            Geez.

            1. Yes, you are right, sorry. It’s late here and I’m off to bed πŸ™‚

        2. Yes, because a facetious suggestion to commit thermonuclear holocaust upon a continent is to be taken seriously.

          By the way, sodomy’s still illegal in some states. How do you know I don’t live in one of them? Are you encouraging me to break the law?

          Mahmoud Ahmadinejad, is that you? *waa-waa trumpet sound*

          1. Don’t tell me you missed it too.

            1. Dude, I added waa-waa trumpet.

              1. Wait, so I missed the fact that you didn’t miss it, and now you’re informing me that I missed it.

                What a clusterfuck. The Internet dehumanizes communications!1

                1. Well, Pragmatics is my academic specialty; I’ll spare you all the geeking-out I want to do about it though.

                  1. Trying to one-up a poor immigrant like me with your uber-intelligentsia academics, eh? I bet you hire half-starved Russian girls to shine your ruby-encrusted monocle and crocodile-skin loafers, too.

                    1. Half-starved? Manizha Faraday didn’t get her figure by only eating kasha and water.

                      Jus’ sayin’

                  2. HM,
                    That stuff is FASCINATING! Gotta be tougher to quantify than econ.

                    1. I’m glad someone else finds it fascinating here too. πŸ™‚ It is very hard to quantify because to describe language you have to use language. I think Anna Wierzbicka of Australia National University provides a useful tool with her “natural semantic metalanguage” theory, though. We still have a long way to go though, especially if, one day, we want a computer to really comprehend what we are saying.

                    2. HM,
                      Link shows ‘page not found’; maybe move the quotes?
                      Yes, I’d like to read it.

                    3. Sorry, try this one.

                    4. Worked. Bookmarked; I’ll get to it tomorrow. Thanks.

    6. I would still like to spare several of the smaller European countries though

    7. This is so wrong-headed. Greece is the perfect petri dish for a revived communism to blossom. It will, of course, devolve into the same pauperized shithole every commie society does, but who gives a fuck about Greece and the Greeks? And we right-wing maniacs will again have a living, breathing commie society to point to as a warning for the rest of the world.

      1. It’s also France, dude. France. They finally jumped the shark and willingly empowered outright socialists to rule their country.

        You can’t write this shit.

        1. Rousseau is laughing in his grave. He won.

        2. Watching that bitch burn will be the most soothing balm.

      2. Yes – We need failed Communist nations in the world.

        We had more terrorist attacks in the 80’s than the past decade – but we never stripped-searched people in airports, issued assault rifles to regular cops, or any of this other bullshit.

        We didn’t do it because that’s the kind of shit Commies did. And we know what assholes Commies are.

  3. At least The Guardian didn’t claim it was the ‘end of democracy’:
    “The elections may have resulted in a win for the conservative New Democracy party, but there’s been fighting talk from Alexis Tspiras of Syriza,…”
    http://www.guardian.co.uk/worl…..sfeed=true

    1. And don’t forget, Sevo — they’re only conservative by nebulous EU standards.

  4. Pretty pointless what government Greece gets, the reality is that their country essentially is run from outside and all they can do is determine how much to beg others for money.

    1. Not sure, NotSure.
      If Syriza had won, they claimed they were going to ‘tear up’ the bail-out agreement.
      So it sounds as if they certainly could ‘run the country’.

      1. You know who else tore up an agreement with other European countries?

        1. And they ‘ran the country’, too.

          1. Rainbow Pussy would agree.

            1. Mr. FIFY|6.17.12 @ 7:01PM|#
              “Rainbow Pussy would agree.”

              Hadn’t caught the newest troll until now, but RP is *so* trollish, it’s got to be a spoof.
              Not even shithead is *that* dumb!

      2. They were simply scoring political points, the Greek economy is now essentially driven by bailouts, they cannot say no to bailouts because it would mean that the average Greek salary would have shrink more than half, no politician could openly do such a thing.

        1. You have greater faith in both the politicos and the voters than do I.

  5. Why is Barack Obama waving that Greek flag?

    1. It has stripes on it, too, so he must have mistaken it for Old Glory. He IS a Harvard man, after all, and those are notoriously knowledgeable and intelligent.

  6. The Greeks will get things in hand. They only need a few more years as a country to figure out this democracy thing.

  7. A New Democracy-led government would be a relief to the Eurocrats in Brussels who would prefer a government to be formed soon. A drawn out negotiation process will not reassure the markets or advocates of the European project.

    The markets play things from day to day. This may have eased some tension from the open on Monday morning, but the big problem still remains.

    The Institute of International Finance Inc. said that following the euro-zone’s decision to provide Spain with up to ?100 billion ($126.3 billion) with which to support its stricken banks, the currency area’s bailout funds have resources of just ?251 billion.

    “This means that…the Eurogroup’s rescue funds, as currently authorized and structured, will have sufficient funds to help a small economy like Cyprus, but hardly enough to deal with any large country,” the IIF said.

    http://professional.wsj.com/ar…..11292.html

    If the Spanish government needs a bailout, Greece isn’t gonna matter at all. If the rates the market is charging Italy and Spain don’t ease, it won’t matter who won the election in Greece.

    And if other European governments are turning away from austerity, then the real problem behind all of this isn’t really being addressed.

    The French just gave their Socialist prime president a Socialist majority in Parliament. He’s promised to revive the French economy by hiring 12,000 more civil servants a year.

    1. Can you imagine if Obama proposed that?

      “I’m going to hire another 12,000 federal employees a year until the economy finally gets better.”

      The beatings will continue until morale improves!

    2. “He’s promised to revive the French economy by hiring 12,000 more civil servants a year.”

      Wife and I had a lunch in Paris, sidewalk cafe, over the Seine, n/w of the Eiffel Tower. Guy with a broom and a bucket of water was cleaning the gutters; slosh water, sweep.
      LONG lunch; two or three glasses of wine; he cleaned around all of three parked cars in that time.
      Yep, that’ll make France prosperous!

      1. Anger is a gift.

        1. He *looked* angry (maybe he was only in his 30s and not quite retired).
          We were chuckling. Well, laughing, to be honest; just your run-of-the-mill ugly Americans.

          1. It was supposed to be ironic. “Anger is a gift” is a quote from a RAtM tune.

            Except, he was saying that the left will finally unite when they get angry enough, and I was using it against lazy ass, government sponsored employees.

            We gotta get angry.

            1. “Anger is a gift” is a quote from a RAtM tune.”

              Oops. Old fart; current ‘culture’ references go right over my head.
              But, yeah, what’s lacking from the lefties is anger; they never seem to have enough.

    3. The French just gave their Socialist prime president a Socialist majority in Parliament. He’s promised to revive the French economy by hiring 12,000 more civil servants a year.

      And France goes full retard.

      1. Yeah, at some point, you can’t blame the politicians anymore.

        It’s all clear when we see some other country doing it.

        Unfortunately, the same thing applies to us. I like to think my fellow Americans voted Obama into office because they were sick of the Iraq War, but if we vote him back into office again?

        Then we’re gonna have to stop blaming the politicians for our problems, too.

        1. Exactly, it’s not like Hollande disguised what he plans on doing. The people of France and our own left-wing geuninely think that the economic equivalent of breaking windows will fix an economy.

          And the problem with our current electoral system is that we have two really shitty choices for president right now. It would be rational to pick them marginally less shitty option, but that would mean voting for Mitt Flippin’ Romney.

        2. I don’t have to stop, none of the politicians I vote for ever win.

          Though I presume you meant “it’s the fault of the idiots that vote for the ones that do win” who are to blame, which, well, yeah.

      2. The French just gave their Socialist prime president a Socialist majority in Parliament. He’s promised to revive the French economy by hiring 12,000 more civil servants a year

        And a fuck continues not to be given about Econ 101.

        1. Wish I could credit the comment:
          ‘Before an audience of children, a confectioner will always win a debate over a nutritionist.’
          The French? Well….

  8. We are all Greeks now

    /NYT

  9. “In France Hollande’s socialists have won a majority in parliament and will not need the support of the communists or the greens to pass legislation.”

    Won’t need =/= won’t take advice from.

    1. They won’t take advice where it would be well taken, nmely marijuana legalization or decriminaliz’n, which the Greens favor and the Socialists oppose.

  10. I’m gonna start the bidding for Acropolis at 1 drachma.

    1. Will you take a grain of sand instead?

      1. I’ve got some dust bunnies and a pocket full of navel lint…

        1. I’m asking because I’d want my change, but how do you refund the difference owed from a grain of sand?

          1. Get a hammer; here’s ~half the dust. OK?

  11. Greece has an interesting rule where the party that finishes first get a fairly large number of bonus seats. That’s why New Democracy has a fairly large seat lead, despite a close vote share.

    1. “Greece has an interesting rule where the party that finishes first get a fairly large number of bonus seats.”

      So the Greeks have figured out that plain, old democracy isn’t the greatest idea?

      1. Which is pretty hysterical since they invented democracy 2500 years ago and it’s only now just ocurring to them that it largely sucks.

  12. Pasok is out as a coalition partner for New Democracy unless Syriza is included.

    Looking forward to round 3 of Greek elections next month!

    http://www.zerohedge.com/news/…..iscussions

    1. http://www.fxstreet.com/news/f…..f464ae81d9

      Interesting, haven’t seen it reported elsewhere. Wonder if PASOK will keep up with this demand.

    2. Hmm, haven’t seen this reported in those words much elsewhere. Nothing in the news seems to suggest that PASOK is out but who knows.

      1. Here’s the original Greek source.

        http://www.tovima.gr/afieromat…..aid=462860

  13. Pretty sure the 108 number was from the May election. Seems ND will now get about 129 seats.

    Speaking of full retard I imagine the Germany will go full retard in 2013 and Canada and the UK in 2015.

    1. The trend is clearly to vote out the previous party and hope the new one will somehow make a difference. In the last four years I cannot think of a single big country in Europe that did not vote in a new political party, I expect this trend to continue.

      1. In the last four years I cannot think of a single big country in Europe that did not vote in a new political party, I expect this trend to continue.

        It’s called two things: 1) grasping at straws; 2) refusing to believe that politicians will only fuck things up more than they already are.

        The belief that politicians can save us is the single most dangerous idea in the world today. They cannot come to terms that it is the system of a select group of people with the power to tell the rest of us how to live our lives that is the issue, not those who run it.

        1. “They cannot come to terms that it is the system of a select group of people with the power to tell the rest of us how to live our lives that is the issue, not those who run it.”

          One more view:
          They operate on the presumption that the ‘people’ are not moral agents, nor can they be; their lives are totally under the control of those who are moral agents, and those agents can make fantasy reality.
          Simply, they operate as if they are infantile egos; they want everything, they want it now, they don’t care what the cost is, and they presume the moral agents can somehow satisfy those infantile desires.

  14. This li’l French fascist filly won a seat in parliament

    1. Maybe she’ll do Playboy like Mussolini’s granddaughter.

      1. Mussolini’s granddaughter is my age and pretty hot as of her 2010 pic on wiki.

        There’s something attractive about Euro-fascist babes but it’s probably all from my infatuation with the fictitious Ilsa as portrayed by the American actress Dyanne Thorne

  15. John|6.13.12 @ 10:38AM|#|?|filternamelinkcustom
    That series is over. The Heat can’t score a hundred. And they can’t keep the Thunder under a hundred. It is really that simple. The Heat only beat the Celtics because Ray Allen and Paul Pierce were hurt and the Celtics just couldn’t score enough. Even then they needed a 49 point night from James and massive help from the referees. This series is over in maybe five games. Four if James can’t come up with a 50 point night because that is what it is going to take.

    1. It’s a good thing LBJ has scored 50 in back to back games to put the Heat up in the series.

      oh…wait.

      1. pfft. Which is more transparently fraudulent — pro basketball or pro wrestling?

        1. Boxing, obviously.

  16. “I’m gonna start the bidding for Acropolis at 1 drachma.”

    I believe the British Museum has a head start on you.

    1. It’s a bit too much of a fixer-upper for me.

  17. I hope the Germans don’t decide to bail out the Greeks on Friday

  18. I hope the Germans don’t decide to bail out the Greeks on Friday.

    1. That’s my hope too. The more the politicians and bureaucrats try and fix the problem, the longer it drags on. And I’m tired of fucking Greece’s problems wreaking havoc on the rest of us.

  19. Well, at least the left was held back by splitters.

    A Syriza/Communist/Front of the Greek Anticapitalist Left/Communist (Marxist?Leninist)/Marxist?Leninist Communist electoral coalition, winning combined the same share of the vote, would have wound up with 134 seats. (Note Syriza already has Maoist, Trotskyist, and eurocommunist member organizations, and the Communists (ML) and the ML-Communists already have an electoral coalition with each other.)

    The Democratic Left in such a scenario would still have won 17 seats, possibly resulting in a 151-seat coalition of anti-bailout socialists.

  20. Those guys dont have a clue man. Not at all.

    http://www.Anon-Anon.tk

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