Yesterday’s result, and above all the clarity of the electoral mandate that shaped it, potentially opens up new perspectives for the Greek economywhich the market did not appreciate until today. For 5 reasons.

• There is no good scenario for an economy without political stability. This election result dispels any concerns about the manageability parameter, as it puts the first party on a safe course of self-sufficiency in the second election. The fact that he was on the verge of forming a one-party government, even with a simple proportionality system, reinforces the notion of political stability for years to come.
• The government has had perhaps the most pro-business and pro-investment narrative of the post-colonial period in the previous 4 years. In that sense, the message sent by voters yesterday was also a message to the international investment community, which now has good reason to place capital, technology and know-how in the country.
• It is generally accepted that Greece’s return to investment status has been delayed because of the political risk that naturally accompanies every election cycle. In fact, there was no reason for rating agencies to risk a country’s rating upgrade without clearing up the political scene for years to come. Now another factor has been completed to transfer the country’s credit rating to the first category, which will have a beneficial effect on the cost of borrowing, liquidity and investment.
• The central commitment of the electoral winner in the run-up to the elections was a tangible improvement in living standards through higher wages as a result of a truly developmental policy. The fact that the electorate gave this program a vote of confidence binds the promulgator with this bill, who in the second term will be judged on the fulfillment of an absolutely key, measurable goal.
• The goals of digitalization and reduction of bureaucracy, entrepreneurship and innovation, quality education, an efficient state and meritocracy are more urgent than ever, leaving no room in the political system for further courage and delay in modernizing the Greek system.

The road to growth for the Greek economy is not paved with rose petals. Accuracy, high production costs, low wages for a eurozone country, state machine pathologies, unfavorable demographic projections and the risks associated with high interest rates create an environment in which politicians face serious challenges. It is for this reason that the fact that the first bet was won, political stability in the face of a particularly demanding environment, matters.

PS: the result should not be taken as a “blank check” in ND According to the measurements, the public opinion is neither pessimistic nor optimistic about the state of their finances, making strengthening their purchasing power their number 1 priority. In fact, electoral success has also raised the bar for economic policy effectiveness.