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The BBC's Gavin Hewitt: "Syriza's supporters celebrated into the evening"
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Anti-austerity Syriza
party leader Alexis Tsipras has vowed to end Greece's "five years of
humiliation and pain" after his general election win.
With nearly all of the votes counted in Sunday's poll, Syriza looks set to have 149 seats, just two short of an absolute majority.
Syriza's victory has raised fears about Greece's future in the euro.
The currency fell to $1.11 against the US dollar following the result - the lowest level in more than 11 years.
Greece has endured tough budget cuts in return for its 2010 bailout, worth €240bn (£179bn; $268bn) and negotiated with the so-called troika - the European Union, International Monetary Fund (IMF) and European Central Bank (ECB).
Syriza leader Alexis Tsipras: "Today the people of Greece wrote history"
Syriza's election result will send shockwaves through Europe, the BBC's Gavin Hewitt in Athens says.
A majority of voters in Greece have essentially rejected a core policy for dealing with the eurozone crisis as devised by Brussels and Germany, our correspondent adds.
The election result is expected to be one of the main issues at Monday's meeting of 19 eurozone finance ministers.
Belgian Finance Minister Johan Van Overtveld was quoted by VRT network as saying that Greece "must respect the rules of monetary union", although he added that there was room for some flexibility.
UK's Chancellor of the Exchequer (Finance Minister) George Osborne told the BBC: "Ultimately if you take at face value all the things that the new Greek government has promised - including big increases in public expenditure - you know, I think that is going to be very difficult to deliver, and incompatible with what the eurozone currently demands of its members."
In Italy, EU Affairs Minister Sandro Gozi said: "After this vote we will have new opportunities to pursue change in Europe to create growth and investment and fight against unemployment."
This was an extraordinary victory for the radical left in Greece - probably beyond its own expectations.
Alexis Tsipras will now try to lead an anti-austerity revolution, backed by a strong democratic mandate.
He said in his victory speech that he is willing to negotiate with Greece's European partners. The question is: how much are they prepared to compromise with him?
There are some things during the eurozone crisis that we were told would never happen.
The European Central Bank would never flood the market with new money, and Greece would never take a gamble with the radical left.
The past few days have overturned those assumptions, making this week a potential turning point in the recent history of the European Union
.
A turning point for the EU?
What next?
Outgoing Prime Minister Antonis Samaras said he had been obliged "to take difficult steps" to bring security to his country
Results from Greece's election commission showed a clear Syriza lead.
With most votes counted, Syriza polled 36%, while the outgoing New Democracy won 28%.
Another five parties - including the far-right Golden Dawn and centrist The River - are expected to be represented in the 300-member parliament.
Greek voters disagree on the path ahead
Outgoing Prime Minister Antonis Samaras has admitted defeat.
Addressing his cheering supporters in Athens late on Sunday, Mr Tsipras said "the Greeks wrote history".
"Greece is leaving behind catastrophic austerity, it is leaving behind the fear and the autocracy, it is leaving behind five years of humiliation and pain".
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| The celebrations on the streets of Athens began as soon as polls closed and went on late into the night |
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| Supporters of Prime Minister Antonis Samaras of New Democracy watched with dismay |
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| The euro plunged to its lowest level in more than 11 years against the dollar |




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