After Sunday’s strong mandate, Prime Minister Kyriakos Mitsotakis has included all the elements he has repeatedly espoused in the new cabinet that was announced on Monday afternoon by the new government spokesman Pavlos Marinakis.
The Central Bank of Cyprus highlighted in a report that the 10-euro banknote is the most counterfeited bill, making up 40.8% of all counterfeit money circulating on the island.
The center-right New Democracy party accomplished what it set out to do in Sunday’s election.
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 question that has remained unanswered for decades is whether Greece is genuinely capable of reform, of becoming a modern, normal European country.
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%.
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.
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.
The continuation of the economic recovery and Greece’s return to investment grade after almost 13 years is what markets expect after the elections.