The mandate, the extremes
The center-right New Democracy party accomplished what it set out to do in Sunday’s election.
Reforms to bolster economy
There are certain areas where structural changes need to be prioritized by the new government, starting with the sluggish justice system, the red tape putting off potential investors, the overdue cadaster and Greece’s aging infrastructure.
The challenge
The question that has remained unanswered for decades is whether Greece is genuinely capable of reform, of becoming a modern, normal European country.
Cartoon (26/06/2023)
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Lack of direction, blurred message consigns Tsipras to defeat
The “forced lull” that followed the May 21 polls will not continue after Sunday’s disappointing results for SYRIZA, which saw its 31.5% tally of 2019 fall below 18%.
ATHEX: Deepest index dive in 3 months
Stocks at the Greek stock market nosedived the day after the general election, though the reasons for the biggest benchmark drop in the last three months are related to external factors.
More tax breaks on the way
In the next month the new government will submit an omnibus bill to Parliament including tax breaks and benefits for families, young people, professionals, property owners and businesses.
‘Success story’ seen continuing
The continuation of the economic recovery and Greece’s return to investment grade after almost 13 years is what markets expect after the elections.
PM, Erdogan agree meeting
Prime Minister Kyriakos Mitsotakis had a reportedly good phone conversation with Recep Tayyip Erdogan on Monday during which both men agreed to meet in Vilnius on the sidelines of next month’s NATO summit.
FM decries Albania’s denial of special release
The Greek Foreign Ministry has slammed the refusal of Albanian authorities of the request by the detained elected mayor of Himare, Fredi Beleri, for special leave to attend and take the oath of office on Tuesday at the Municipal Council’s first meeting.