The May 21 election caused a small earthquake. The size of New Democracy’s win and the collapse of SYRIZA were much greater than all predictions and the contest will no doubt go down as a milestone in the country’s electoral history.
The Parliament elected in Greece’s May 21 election will convene on May 28, four days than originally scheduled.
The Greek bourse benchmark is going from strength to strength, as after Monday’s huge rise to a level unseen since the summer of 2014, on Tuesday it rose yet again for a new nine-year high.
The first Mandarin Oriental hotel in Athens will be built on the coastal front of the Elliniko project, Lamda Development announced on Tuesday.
The mandate delivered by the people of Greece on May 21 was, among other things, a scathing condemnation of hostile politics and divisive rhetoric.
One of the most muted elections since the restoration of democracy ended with a very loud bang on Sunday, with incumbent New Democracy winning a clear mandate for another four-year term.
Greece is heading toward a new general election, two days after Prime Minister Kyriakos Mitsotakis’ center-right New Democracy party won a victory in a national vote but failed to clinch a majority in parliament.
Everyone, it turns out, was surprised by Sunday’s election result. Even the most optimistic New Democracy supporters could not have expected such a victory for Kyriakos Mitsotakis.
Prime Minister Kyriakos Mitsotakis has said his “his victory over populism in Greece” serves as a lesson “for other liberal democracies. If you deliver real change for people, people will reward you,” he told CNN’s Christiane Amanpour.
SYRIZA’s defeat at the polls on Sunday was a strategic defeat. It did not concern one person exclusively or the election campaign, nor does it point to certain organizational weaknesses. It is a combination of all three.