Greek Premier Mitsotakis Set for New Term, Boosting Markets
- Mitsotakis defeated his opposition by a historic margin
- There will likely be another election in about a month
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Greek Prime Minister Kyriakos Mitsotakis pummeled his opposition in Sunday’s national election, moving a step closer to getting another four-year term and sending markets higher on the prospect that the premier’s investment-friendly policies will continue.
Mitsotakis’s center-right New Democracy received almost 41% of the vote compared to about 20% for the leftist Syriza party of former premier Alexis Tsipras. The premier fell short of the threshold to immediately form a government on his own, meaning he will likely opt for another ballot in about a month rather than try to form a coalition.