Following the disappointing results during the recent European elections, SYRIZA, the ruling party called for slightly premature legislative elections, which will take place on July 7. The polls and the results of the European elections leave no doubt about the winner, as New Democracy, the main opposition party, is projected to win with a difference equal to 10%. However, its absolute majority in the party is not guaranteed, so it is quite possible that New Democracy will choose to form a coalition with another party (probably with KINAL), in order to stabilise its government. To give some background, following the debt crisis, SYRIZA, previously a negligible party with Eurocommunist roots, watched its influence increase immensely, as the former largest parties, New Democracy and PASOK (essentially the predecessor of KINAL) suffered from a severe loss of popularity, as they initiated a great number of austerity measures.
However, in 2015, the populist message of SYRIZA was exposed, as it predictably failed to keep its promise on ending austerity, while it basically ignored the results of the 2015 referendum, which provided our political vocabulary with a new word, kolotoumba. As a result, its popularity gradually declined, although it has succeeding in maintaining its position as the second most powerful party. Below there is a list with the major participants:
New Democracy: The traditional right-wing party, which had formed several governments since the collapse of the military junta, but whose power has been reduced since the debt crisis. Right now, however, it's by far the most popular group in Greece.
SYRIZA: In spite of its radical origins, it has evolved into the most important party of the center-left camp. According to the polls, it will easily get the second position.
KINAL: Frankly, it's the renamed (for public relations purposes) version of the formerly strongest party in Greece, PASOK, which however lost the vast majority of its supporters to SYRIZA.
KKE: The Communist Party of Greece is composed of old-school Marxists and enjoys the honour of being the oldest active party, established after the end of WWI. Its influence has remained stable at approximately 5% for several decades.
Golden Dawn: A Neo-Nazi group, with links to the underworld and a murderous record. It rose to prominence due to the decreased quality of life in Greece, but its influence has also taken a hit, mainly because its leadership faces a trial for its crimes.
Greek Solution: A very young and far-right party, whose leader, Velopoulos, is probably the quintessence of salesman. His political career includes a passage from three different parties, including PASOK and New Democracy, but has finally settled as an ultra-conservative salesman devoded to tele-marketing. The Greek Alex Jones is famous for selling to its audience authentic letters written by the hand of our Lord and Saviour, Jesus Christ himself!
MeRa25: A left-wing party, which was established by Varoufakis, the short-lived Minister of Finances, during the 2015 debacle. It probably attracts the sympathy of whoever still remains loyal to SYRIZA's anti-austerity measures.
Finally, there are also three parties with a presence in the current parliament, Union of Centrists, Independent Greeks and River (?!), which are respectively centrist, far-right and centrist. All of them being product of the debt crisis, they have zero hopes of reentering the Parliament and, as a matter of fact, the last two have even refused to participate in the elections. In conclusion, I believe that the situation in Greece has relatively stabilised, as the financial collapse has been replaced by either stagnation or an anaemic growth. A great number of superfluous parties is certainly at the brink of extinction, while the most remarkable change is that SYRIZA has replaced PASOK as the leader of liberalism. However, prosperity is far from being restored, which explains why SYRIZA's numbers have fallen so dramatically and why more professional charlatans, like Velopoulos, may hope to return to the Parliament. If the economy improves, then the political establishment will normalise completely, but if the fragile economy of Greece fails to recover, then populism may rise its ugly head again.