Tsipras’s Coalition of the Radical Left, known by its Greek acronym Syriza took between 36% and 38% compared with 26% to 28% for Samaras’s New Democracy in Sunday’s election, according to an exit poll on state-run Nerit TV showed.
“Overwhelmingly the Greek people voted against austerity policies,” the party said. “This result can be the first step for progressive developments throughout Europe. The government will implement its political program addressing the humanitarian crisis and begin the real negotiation with our European partners."
Syriza lawmaker Stavros Kontonis said in an interview that the result represented “a clear mandate to Syriza for renegotiating Greek debt, the implementation of a radical program and governmental stability.”
However, we cannot expect any large market reactions yet, especially after euro sharply declined last week due to ECB decision on asset purchase.