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New Democracy Meets Old Greek Problems After Mitsotakis Win

  • Prime minister must act quickly to tackle latent economic woes
  • Yield on Greek 10-year bond hits new record low on Monday
Bloomberg business news
Mitsotakis talks with Bloomberg’s Maria Tadeo.Source: Bloomberg
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Kyriakos Mitsotakis will have to move swiftly to tackle a raft of lingering economic problems after being sworn in as Greek prime minister on Monday.

Investors expect the 51-year-old New Democracy leader, whose conservatives secured a healthy parliamentary majority in Sunday’s national election, to prove his business-friendly reputation is deserved. The former banker and management consultant will need to make good on pledges to address issues including government finances, soured loans and crippling bureaucracy, while working within the tight fiscal constraints creditors have set for the country.