It's election day in Greece and I am back for a live thread! The widespread expectation is that the governing center right New Democracy will come up ahead but won't win a parliamentary majority 1/n The reason being that these elections are taking place under a PR system that took away the seat bonus given under previous versions to the top performing party 2/n

Παραθέτω ορισμένες επιγραμματικές παρατηρήσεις που άκουσα στο εξαιρετικό συνέδριο του Ιστορικού Αρχείου της Alpha Bank με θέμα "Πολιτική και Κράτος κατά τον 20ο και 21ο αιώνα" που γίνεται αυτές τις μέρες στο Ναύπλιο 1/ Πάνος Τσακλόγλου: "Κευνσιανισμός είναι η αντικυκλική πολιτική, δεν είναι η αέναη επεκτατική πολιτική" 2/

Short thread to summarize yesterday's remarkable election outcome in #Greece 1/ The size of SYRIZA defeat was underestimated by most surveys and exit polls. In the end, SYRIZA got 23.83% compared to New Democracy's 33.24%, a whopping 9.4 percentage point difference. It was this difference that forced Tsipras to call a snap election, expected for June 30th 2/

Lessons I learned from Greece #1: abysmal incompetence of populist government leads many to mistaken belief it will be over quickly Lessons I learned from Greece #2: for a long time you think you've seen the worst, but you haven't seen anything yet