Greece Votes In Its Second Election Of 2015

Greek voters may be feeling déjà vu Sunday as they head to the polls to cast their ballots in the country's second election and third national vote of this year. 

The two previous votes, the first of which brought former Prime Minister Alexis Tsipras' left-wing Syriza party to power in January and the second of which rejected a proposed bailout deal, cast long shadows over today's vote. 

Tsipras' Syriza party is vying for reelection after a rebellion from members opposing the international bailout split the party in July. Tsipras resigned in August to pave the way for snap elections, hoping to consolidate his power after the schism with a new victory.

Syriza held a dominant lead over the next-largest party, the center-right New Democracy, at the beginning of the campaign but has since seen its support fall to similar levels. Polls showed the two parties in a tight race on Friday.

The winner in either case will most likely need to form a coalition government with one or more of the many smaller parties that are also in play. Those include Popular Unity, the new hard-left party formed by former Syriza members, the centrist To Potami party and the anti-immigration, extreme right Golden Dawn.

The dominant issue of the campaign has been Greece's dire economy and the government's handling of the multi-billion dollar bailout deal with European creditors, which the country accepted in exchange for imposing harsh austerity measures.

Syriza was first elected in January on a wave of anti-austerity sentiment that opposed previous bailouts. But the party reversed tack and gave in to creditors' demands when faced with bankruptcy and the prospect of exit from the eurozone if it did not comply.

The financial chaos in Greece over months of torturous bailout negotiations took its toll on the already devastated economy, causing a massive flight of capital out of Greek banks and leading to the imposition of capital controls restricting the flow of money in the country. Businesses and average Greeks, especially the elderly, suffered heavily. 

At stake in the election is Greece's habitually uncertain future. Whichever party manages to form a government will be faced with significant challenges. Unemployment is at around 25 percent -- with youth unemployment double that -- and there is still a lengthy list of reforms to be passed in order to fulfill the nation's bailout agreement. Creditors have demanded large-scale pension reform, among other changes, and have set targets for Greece to start producing budget surpluses starting in 2016. 

The first review of Greece's bailout reforms is set for October, after which the nation and its creditors can work toward debt restructuring talks. An election result that leaves Greece in a state of uncertainty over which party can form a government may delay and complicate the implementation of the reforms agreed with creditors -- potentially leading the country once again into economic turmoil. 

Danae Leivada contributed to this report from Athens.  

More on Greece's crucial vote:

- What's At Stake In Greece's Election 
- Golden Dawn Is Running In Greece's Election. Here's Why That's Scary
- Third Vote In A Year Will Cost Greece Millions
- Pavlos Tsimas: Greece's Election In The Time Of Consent 

Also on HuffPost:

-- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.