Home Politics Article by Jan Bremer in “K”: Greece after the election results

Article by Jan Bremer in “K”: Greece after the election results

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Article by Jan Bremer in “K”: Greece after the election results

Her conservative party New Republic won a resounding victory in elections on the 21sther Maybe.

Significantly, Prime Minister Kyriakos Mitsotakis gained a double-digit lead over Alexis Tsipras’s left-wing SYRIZA party and fell just a few seats short of a majority, even under proportional representation in Greece.

Now, in the new elections on June 25, which will be held under the system in favor of the majority, giving the first party an electoral bonus of up to 50 seats, The new democracy is now ready to become a leader with a strong majority.

Article by Jan Bremer in
Jan Bremer, President Eurasia Group

Mitsotakis’ strong support suggests that Greece will continue with a market-oriented and reform-oriented government. Significantly, stocks and bonds rose after the results.

Indeed, Greece is firmly and finally on its way to leaving behind problematic difference from being the only eurozone member with public debt rated as junk. It now appears reasonably likely that Mitsotakis’ estimate that investment grade status could be achieved within 100 days of his re-election will be confirmed.

Remarkably, Mitsotakis has been able to increase the support of Greek voters as his premiership has been burdened by a spy scandal, rising inflation and fears over the rule of law.

Instead, Greek voters have opted for stability and the country’s ongoing economic recovery, as well as… tough immigration policies.

* Jan Bremer is President Eurasia Group

Author: JAN BREMER*

Source: Kathimerini

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