ND leader Antonis Samaras has proposed a national salvation government, comprised of pro-EU parties, which would undertake to renegotiate the bailout memorandum, so as to spur development.

The unity government proposal echoed one made slightly earlier Pasok leader Evangelos Venizelos, though the latter did not speak of renegotiation.

Radical Left Coalition (Syriza) leader Alexis Tsipras declared that the result is a “peaceful revolution” that overturned the political scene and sent a resounding message to Europe.

Tsipras said he will try to form a leftwing government that will renounce the “loan contract of subjugation” and the memorandum.

He said the result was a message to German Chancellor Angela Merkel that “the policy of austerity has received a crushing defeat”.