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Politics of Greece |
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From the restoration of democracy in 1974 to the 2012 elections, the characteristic Greek political system was predominantly a two-party system. The historically dominant parties were New Democracy and the Panhellenic Socialist Movement (PASOK). Under the electoral system, a party needs to surpass a 3% threshold in the popular vote in order to enter parliament. Until 2023, the largest party used to get a 50-seat bonus (out of 300 seats), ostensibly to ensure elections returned viable governing majorities. The 2023 Greek legislative election was the first and only that was held without the 50-seat bonus rule. Although New Democracy achieved a large percentage of 40.7% and beat the opposition party by 20%, they fell short of forming a majority by 5 seats. The Hellenic Republic had a caretaker prime minister until the June 2023 Greek legislative election was held.