There is little doubt that Sunday’s elections will deal painful blows to both PASOK and New Democracy. The question, though, is whether they will be knockout blows. Most indications are that despite their declining popularity Greece’s two main parties will survive.
Since 1981, PASOK and New Democracy have only once received a combined share of the vote that is less than 79 percent. This was in the most recent national elections, in 2009. It was the fourth consecutive elections in which the two parties saw their share of the vote decline but it would take a drop of monumental proportions on Sunday to keep the Socialists and conservatives from being in a position to form a government.