PASOK

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The Panhellenic Socialist Movement, known mostly by its acronym PASOK, was a social-democratic political party in Greece. Following the collapse of the Greek military dictatorship of 1967–1974, PASOK was founded on 3 September 1974 as a socialist party by Andreas Papandreou. The largest left-of-center party in Greece between 1977 and 2012, it was the dominant political party of the country from 1981 to 2004, under party founder Andreas Papandreou and Costas Simitis. After the Metapolitefsi and until 2012 it was one of the two major parties in the country, along with New Democracy, its main political rival. Last elected to power in 2009, PASOK lost much of its popular support as a result of the Greek debt crisis. PASOK was the ruling party when the economic crisis began, and it negotiated the first Greek bailout package with the European troika, which necessitated harsh austerity measures. This caused a significant loss in the party's popularity. It was part of two coalition governments...

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