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See more Images of May Follow Reuters Facebook Twitter RSS YouTube Read Insight: Germany and Greece: a tale of estrangement 9:49am EDT UPDATE 2-Entergy Michigan reactor shut after leak 13 Jun 2012 CORRECTED-U.S. foreclosures up for 1st time in 27 months 7:32am EDT Wall Street gains as Greek election fears ease | 12:01pm EDT Most say Bush to blame for weak U.S. economy, poll finds 10:36am EDT Discussed 112 Obama: U.S. economy ”not doing fine”, action needed 103 China could impound European planes in carbon row 71 Analysis: Obama’s gamble: Asking for more time to fix economy Watched U.S. Morning Call: Greek stocks soar; Nokia job cuts 7:58am EDT Bodies found after Peru avalanche 5:43am EDT New NASA telescope a black hole hunter with X-ray eyes Wed, Jun 13 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. The Afghan front On the frontlines of the war in Afghhanistan. Slideshow Child laborers A look at children who work to contribute to their family's income. Slideshow Greeks to decide euro membership in nail-biter vote Tweet Share this Email Print Related News Spain, Italy vow action as borrowing costs soar 12:26pm EDT Monti urges political backing in euro crisis 2:20am EDT UPDATE 3-U.S. presses EU to clarify future of euro zone Wed, Jun 13 2012 U.S. does not expect big progress from Europe at G20: U.S. official Wed, Jun 13 2012 Greeks withdraw cash ahead of cliffhanger vote Wed, Jun 13 2012 Analysis & Opinion Picking your moment UK bosses play dangerous game: pay me or fire me Related Topics World » Greece » 1 of 8. A municipal worker cleans the street next to a pre-election poster of Greece's radical left SYRIZA party in Athens June 14, 2012. Greece holds general parliamentary elections on June 17. The poster reads ''We open the road to hope''. Credit: Reuters/Pascal Rossignol (GREECE - Tags: POLITICS ELECTIONS) By Dina Kyriakidou ATHENS | Thu Jun 14, 2012 12:19pm EDT ATHENS (Reuters) - An upstart radical leftist is racing neck and neck with the conservative heir of a prominent Greek family in an election on Sunday that will decide if Greece stays in the euro zone and which could spread turmoil across global financial markets. Voters fed up with the harsh measures prescribed by international lenders in a 130 billion euro bailout punished mainstream parties in an inconclusive May 6 election and appear split over the choices offered in the repeat vote. Conservative New Democracy leader Antonis Samaras, 61, has run on a strong pro-European ticket, warning Greeks angry with five years of austerity that giving up obligations agreed in the EU/IMF bailout keeping Greece afloat means a return to the drachma currency. "These elections are about our children's future - whether we stay in the euro or not," Samaras told supporters in northern Greece on Wednesday. "That is what is at stake on Sunday." Radical leftist SYRIZA party leader Alexis Tsipras, 37, has vowed to scrap the deal that plunged Greece into its worst recession in decades, to nationalize banks and stop privatizations, sending shockwaves across EU capitals and financial markets. His message has resonated among Greeks desperate with record unemployment of nearly 23 percent and rounds of spending cuts. The first vote catapulted him from fringe obscurity to leader of the second biggest party in Greece. EU partners have warned that no more bailout money will be handed to Greece, which is expected to run out of cash in weeks, unless it meets its budget and reform pledges. Tsipras says the EU is bluffing and that he wants to keep Greece in the euro. "If one country leaves the euro, the euro zone collapses," he told Greek TV on Thursday. "If they don't give us the next loan installment, the euro zone will collapse the day after." The last opinion polls published two weeks before the vote ahead of a ban, showed the two running a tight race. Five polls put Samaras slightly ahead and two put Tsipras in the lead. Pollsters say the numbers have not changed dramatically since. Once again, no party is expected to win outright and the biggest party is expected to launch negotiations to forge a pro-bailout or anti-bailout coalitions. Analysts say it will be a Pyrrhic victory for whoever wins - Samaras will find it hard to govern for long with an empowered Tsipras protesting at the gates and Tsipras will realize he is inheriting a state on the verge of bankruptcy without bailout funds. "It's possible that we will have a collapse no matter who is in government," said Yanis Varoufakis, a professor of economics at Athens University. "There is no easy solution." Unemployment hit 22.6 percent in the first quarter of the year amid a 6.5 percent contraction in the economy. Shops and businesses are shutting down by the dozens and the number of homeless lining the streets in Athens are multiplying. Anger against an entrenched political class blamed for the crisis is running high. "They've turned Greece from a sunny paradise to hell," said Dimitris Skizas, a 69-year-old whose pension has been cut. "People have lost their smiles, they are in despair and committing suicide. This is worse than the war in the 1940s." EURO VERSUS DRACHMA Samaras, the scion of one of Greece's most prominent families that has included politicians, authors and benefactors, misjudged public anger at politicians for decades of corruption and mismanagement and insisted on the May 6 vote he lost. He initially opposed and then backed international aid for Greece by joining the Socialists in a coalition government under technocrat premier Lucas Papademos last year. Confident in his victory, he forced the election by tacitly pulling support from the coalition but paid the price for his mixed message and a campaign targeted against the once powerful Socialist PASOK, whose crushing defeat left the two parties without enough support to forge a pro-bailout coalition. An economist with a Harvard MBA, Samaras staged a more effective election campaign this time around, coming closer to voters in casual walkabouts and driving in his gloom and doom message if Greeks voted emotionally against the bailout. "The euro versus drachma debate has managed to dominate the election agenda," said Costas Panagopoulos, head of ALCO pollsters. "The SYRIZA positions appear less realistic - cancelling the bailout and staying in the euro." A former Communist party youth-wing member whose political acumen was forged in 1990s student protests, Tsipras was unprepared when he was swept by a huge wave of discontent at established parties to the forefront of Greek politics. The youngest Greek political party leader, Tsipras is at the helm of the SYRIZA coalition of 12 leftist and human rights groups. His youthful looks and refusal to wear a tie appeals to young urbanites. Aides said his first concern if he wins Sunday's election and manages to form a governing coalition is to keep the near-bankrupt state running. Critics warn that supporters who believe his message of a painless adjustment will be quickly disappointed and may soon abandon him. "I may disagree with parts of his program but that doesn't worry me too much because no party applies its program once it's in power," said Varoufakis, a SYRIZA sympathizer. "What worries me is that he creates the impression among the Greek people that all their suffering will end if he gets elected on Monday. That is not the case." (Additional reporting by Renee Maltezou. Editing by Jeremy Gaunt.) World Greece Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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