© Reuters. FILE PHOTO: Greek Prime Minister and conservative New Democracy party leader Kyriakos Mitsotakis and leftist Syriza party leader Alexis Tsipras, take part in a televised debate at the headquarters of the state broadcaster ERT, in Athens, Greece, May 10, 2
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ATHENS (Reuters) – Greece holds a general election on Sunday that is seen unlikely to produce a clear winner, with a second vote expected by July if the country’s fractious political parties fail to agree to a coalition.
While opinion polls have placed the ruling conservative New Democracy party in the lead, a change to the country’s electoral system means it is likely to fall short of an absolute majority.
“The party ranking first needs over 45% of the electorate in order to create a single party administration, something which it seems is quite unlikely,” said political analyst Panos Koliastasis.
New Democracy, headed by Prime Minister Kyriakos Mitsotakis, is polling between 31-38%, followed by opposition leftist Syriza, trailing by 4-7 points.
A cost of living crisis experienced in Greece, as in other European countries, has taken centre stage in the campaigns, with the parties trying to woo voters with pledges to increase the minimum wage and create jobs.
Polling stations will open at 0700 local time (0400 GMT) across Greece and close 12 hours later. Just under 10 million Greeks have the right to vote.
A joint exit poll conducted by six polling agencies will be released at 1600 GMT.
Should no party win outright, Greek President Katerina Sakellaropoulou will give the top three parties a three-day mandate each, in turn, to form a government.
If they all fail, Sakellaropoulou will appoint a caretaker government that will lead the country to new elections roughly a month later.
This story originally appeared on Investing
