Home / International/ Greek Conservatives take charge in landslide win, vow more investment, fewer taxes

Greek Conservatives take charge in landslide win, vow more investment, fewer taxes


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 9 July 2019 00:00

Facebook

Prime Minister elect Kyriakos Mitsotakis

ATHENS (Reuters): Greece’s opposition conservatives returned to power with a landslide victory in snap elections on Sunday, and Prime Minister elect Kyriakos Mitsotakis said he had a clear mandate for change, pledging more investments and fewer taxes.

The win appeared driven by fatigue with years of European Union-enforced belt-tightening, combined with high unemployment, after the country almost crashed out of the euro zone at the height of its financial travails in 2015.

Conservative New Democracy had a commanding lead of 39.6% of the vote based on 73% of the votes counted versus 31.6% for incumbent leftist Prime Minister Alexis Tsipras’ Syriza, the official Interior Ministry tally showed.

Exit polls showed New Democracy winning between 155 and 167 seats in the 300 member Parliament, taking advantage of an electoral system which gives bonus seats to the frontrunner.

Mitsotakis said in a televised address that the election outcome gave him a strong and clear mandate to change Greece.

“I am committed to fewer taxes, many investments, for good and new jobs, and growth which will bring better salaries and higher pensions in an efficient state,” Mitsotakis said.

Tsipras said he respected the will of the Greek people.

“Today, with our head held high we accept the people’s verdict. To bring Greece to where it is today we had to take difficult decisions (with) a heavy political cost,” he told journalists.

Tsipras took over from the conservatives in 2015 as Greece was at the peak of a financial crisis which had ravaged the country since 2010. Initially vowing to resist deeper austerity, he was forced into signing up to another bailout months after his election, a decision which went down badly with voters.

Sunday’s poll was the first national election since the country shook off close scrutiny by its European partners who loaned Greece billions in three bailouts.

Tsipras signed up to the latest, in 2015, in return for debt relief.

Mitsotakis, 51, assumed the helm of New Democracy in 2016. Although he is regarded as a liberal, his party also harbours members with more right-wing views.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Death of a sentence?

Tuesday, 16 July 2019

Many a voice has been raised against the carrying out of the death sentence in Sri Lanka. It is inhumane, offends human rights, the State should not kill, the possibility of an error in the judicial process leading to the death of an innocent person


SL’s future depends not on outdated feudalistic system but on becoming partner of a digital economy

Monday, 15 July 2019

Calling Sri Lanka an agriculture-based country is a misnomer A widely-held view by many Sri Lankans is that Sri Lanka was an agriculture-based economy in the past and it should be so even in the future. The first part of this argument is only half-t


Competing with competencies: Developing future-proof Sri Lankans

Monday, 15 July 2019

Competencies are required to compete in an increasingly competitive global environment. Sri Lanka has slipped from 71st place to 85th on the World Economic Forum Global Competitiveness Index (GCI) last year. This shows a dismal picture as Sri Lanka i


Timing is everything

Monday, 15 July 2019

Imagine this scene – the boy totally in love decides to take the plunge and propose to her. He sets up everything perfectly. The ring, the restaurant, the menu and the post proposal music to celebrate. Everything is manicured to a fine detail. But


Columnists More