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See more Images of April Follow Reuters Facebook Twitter RSS YouTube Read Berkshire profits double as insurance losses fall 04 May 2012 France readies for poll, Sarkozy closes on Hollande | 8:24am EDT Gloom builds for euro zone, United States 04 May 2012 Senator likely to be rebuffed in News Corp inquiry 04 May 2012 Conservative factions dominate Iran's run-off elections 10:06am EDT Discussed 138 One in seven thinks end of world is coming: poll 80 As America’s waistline expands, costs soar 72 April hiring seen picking up Watched New studies show extent of Earth's ice melt Thu, May 3 2012 Hungry zoo lion faces off with unfazed toddler Thu, May 3 2012 Windy weather makes for dramatic plane landings in Spain Thu, Apr 26 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Life in France A look at the people and places that define France's unique culture. Slideshow Strange and unusual A recent sampling of strange and offbeat moments. Slideshow Campaigning over, politicians await critical Greek vote Tweet Share this Email Print Related News France's Sarkozy in vote appeal as margin narrows Fri, May 4 2012 Sarkozy's chances fade two days before French runoff Thu, May 3 2012 Analysis: Greek election set to rock shaky euro zone Thu, May 3 2012 Greeks to vent rage in weekend election Thu, May 3 2012 Europeans protest austerity at May Day rallies Tue, May 1 2012 Analysis & Opinion What happens if Hollande wins? â€œThere are human beings involvedâ€ in austerity debate Related Topics World » Greece » By George Georgiopoulos and Karolina Tagaris ATHENS | Sat May 5, 2012 8:57am EDT ATHENS (Reuters) - A ban on campaigning took effect in Greece on Saturday 24 hours ahead of the most uncertain and critical election for decades, a vote that could throw the country's future in Europe into doubt and shake the common currency. Pollsters say the result of Sunday's poll is impossible to predict, aggravating fears of political chaos that could revive a euro zone debt crisis that Greece first unleashed in 2009. Local media underlined the importance of the vote as a ban in campaigning came into effect a day before the polls opened. "With the tough dilemma of staying in the euro or bankruptcy, voters head to the polls in the most crucial election showdown in recent decades," said the centre-left Ta Nea newspaper. Proto Thema weekly said the vote was the most critical since the fall of a military dictatorship in 1974 while centre-left daily Ethnos said: "What we are being called to do is determine with our vote whether the country will have a future or not." Greeks are enraged by one of Europe's worst recessions since World War Two and are expected to abandon the two formerly dominant major parties in droves, turning instead to a raft of fringe groups opposed to a hugely unpopular 130 billion euro international bailout that is keeping Greece afloat - but which comes with painful strings attached. The last polls before a blackout two weeks ago suggested the conservative New Democracy and Socialist PASOK parties, who support the bailout, will come first and second in the poll. But their support has been ravaged by anger over a crisis that has slashed wages and benefits, pushed unemployment to one of the highest levels in Europe and provoked a rash of suicides by despairing businessmen and pensioners. If the two parties fail to win a big enough majority to go into a coalition, they will have to woo groups opposed to the bailout, raising fears that Greece will renege on its promises to international lenders and head down a path towards bankruptcy and an exit from the euro, with dire contagion risks for other crisis hit EU states like Spain and Italy. KINGMAKERS A record 8-10 parties could enter parliament and four small groups are vying to become kingmakers after the poll. Antonis Pavlakis, a 40-year-old bank employee said he wouldn't vote for either New Democracy or PASOK. "Why should I? My salary has been cut, my taxes have gone up and I'm not sure I will still have a job," he said, adding that his pay had been slashed by 15 percent. PASOK leader Evangelos Venizelos appealed to voters to support the bailout to avoid economic disaster. "Greeks are holding in their hands the fate of the country, the fate of the next generation, not just the next four years but the next 20 years," he said in an interview with Ta Nea. Venizelos negotiated the bailout as finance minister and has managed to claw back some of the support lost by discredited former prime minister George Papandreou. But PASOK's support is expected to drop to 19 percent or less from the 44 percent it took in a landslide victory at the last election in 2009. New Democracy leader Antonis Samaras is expected to win about 25 percent of the vote but insists he wants to rule alone. Analysts say that if he comes close to the numbers he needs he may be tempted to push for another snap election. His last public statement before the vote, in an article in Ta Nea, was typically uncompromising, sniping at PASOK's economic record and showing little inclination to rule jointly with them. Despite pressure across Europe to temper a drive for austerity - that has worsened recession - with measures to boost growth, EU paymaster Germany warned Greeks they could be forced out of the euro if they did not meet the terms of the bailout. "If Greek voters were to vote for a majority that does not honor those agreements, then Greece will have to bear the consequences," said German Finance Minister Wolfgang Schaeuble. His remarks reflected wide concern in Europe about the consequences of the Greek vote but were likely to stoke the rage of Greeks who have burned German flags and carried effigies of Chancellor Angela Merkel in Nazi uniform because of Berlin's tough insistence on austerity. The troika of IMF, European Union and European Central bank lenders funding Greece's bailout fear the election could put at risk the fiscal cuts and reforms it must deliver in exchange for the money it needs to stay solvent, including 11.7 billion euros of new savings due in June. If Venizelos and Samaras fail to win a big enough majority to form a stable government, they are likely to turn first to the Democratic Left party of Fotis Kouvelis, most moderate of the four parties vying for third place. If he refuses, they would have to woo even smaller groupings in what could be a long-drawn and uncertain period of negotiation after the vote. (Writing By Barry Moody, editing by Mike Peacock) 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 (1) urownexperience wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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