The election of 6 May
Euro or drachma?
in The European debt crisis
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The chapter discusses the election of 6 May which brought a seismic change to the party system of Greece. It is argued that New Democracy’s underperformance in the election was due to the inconsistencies of its leadership which had initially opposed the Memorandum and subsequently made an embarrassing u term. PASOK too was punished by its traditional power base for not defending the pre-crisis status quo. Anti systemic parties, on the other hand, made significant gains. The electoral impasse that followed necessitated another general election, causing widespread uncertainty over the future of Greece in the Eurozone.

The European debt crisis

The Greek case

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