Published 13th August, 2012
The Socialist Party or SP was founded in 1971. Today it describes itself as left wing to far-left and its ideology was centred on Maoism and Marxism-Leninism. Today it says it believes in Social democracy, Democratic Socialism, left wing populism and Euroscepticism.
Since its first election in 1994 the party has gradually climbed up the seats tally, taking an increasingly important percentage of the vote. In 1994 the SP took two seats with 1.3% of the vote. By 2002 they were up to nine seats with 5.9% of the vote. Their best result so far was in 2006 when they won 25 of the 150 seats in the House of Representatives with 16.6% of the vote to put them in third place in parliament.
The Socialist Party dropped back in 2010 when they managed just 15 seats and 9.8% of the vote.
With two of the 26 national seats in the European Parliament the Socialist Party is a member of the European United Left/Nordic Green Left group. They have no international affiliations.