June 14 (Bloomberg) -- Voting in Greece’s June 17 general election begins at 7 a.m. and finishes at 7 p.m. Athens time. A total of 9.9 million citizens are eligible to vote at one of the 20,560 polling stations around the country.
-- Exit polls will be published at the close of voting. SingularLogic SA, the software distributor in charge of vote counting and data processing, will give an initial estimate of the final result at about 9:30 p.m. A more accurate estimate will be available at about 11:00 p.m. The vote count will be available on the Interior Ministry’s website, www.ypes.gr.
-- A party needs about 36 percent of votes to secure a majority in the 300-seat parliament, or 151 seats. Recent polls show neither of the two main parties, New Democracy and Syriza, is likely to gain such a high percentage. Twenty-one parties are standing for election; polls have indicated that as many as eight will get the 3 percent needed to enter parliament.
-- The first party gets 50 bonus seats. The remaining 250 are distributed proportionally among all parties that achieve the 3 percent threshold. Votes cast for parties that don’t make it into parliament also get distributed proportionally, which affects the percentage of votes the first party needs to reach 151 seats. Two examples: if the smaller parties that don’t secure entry into parliament get 3 percent of the vote, the first party needs about 40 percent to reach 151 seats; if they get 5 percent, the first party will need about 36.5 percent.
-- In the event an absolute majority is not reached, the president gives the leader of the party with the highest percentage a three-day mandate to form a government. If that leader fails to do so, the three-day mandate is handed to the leader of the second-biggest party, and so on.
-- If no party can form a government, the president calls a meeting of party leaders and asks them to form a government. If this option also fails, all parliamentary parties are asked to form an interim government that will prepare fresh elections.
-- If this fails to produce an interim government, the mandate to form a government that will declare new elections is given to the Council of State or the Supreme Court to form a government based on the widest possible consensus to hold elections and dissolve parliament.
-- The new parliament is due to convene on June 28. The following day, a three-day plenary debate starts on the program of the new government. The debate will be completed at midnight of the third day with a confidence vote.
To contact the editor responsible for this story: Jerrold Colten at email@example.com