Greeks turn to ballot boxes At a time when they have to deal with the cost of living, Bloomberg points out.
“Incumbent Prime Minister Kyriakos Mitsotakis, leader of New Democracy, and former Prime Minister, Alexis Tsipras, leader of Syriza, who during his tenure resisted measures imposed by Greece’s creditors, only to eventually back down and secure another bailout” are the main contenders, a network report reads. news, among others. “Nevertheless, changing the electoral system makes new elections in the summer very likely,” he adds in his article.
It is also noted that the recovery of the Greek economy is close to restoring the investment rating of Greece after 13 years of its “junk” rating. Gross domestic product, Bloomberg reminds us, is “near the same level as it was when Greece defaulted in 2010, sending its economy into a slump of more than 20%. Unemployment has more than halved from 28%, while Greek stocks and bonds have risen since That moment.
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At the same time, the Financial Times reported that New Democracy is expected to have “clear progress, despite the recent scandal.” However, he notes that he is unlikely to secure the required 45% majority in Parliament and describes the procedure that will be followed. If there is no clear winner on election day, the party with the most votes is given an exploratory mandate to form a government. Negotiations can take up to 3 days. And if you don’t succeed, the matter will be given to the second party or even the third party to vote.”
“Everything will be judged by the percentage of ND tonight,” Teneo co-president Wolfango Piccoli comments in an interview with FT. Analysts estimate that “if Mitsotakis sees that the numbers are low and there is no possibility of forming a government in the second election, he will seek to form some kind of government coalition within the next few days.”
The Financial Times concluded, “Mitsotakis, whose reputation has been tarnished by the wiretapping scandal and questions over his handling of the train tragedy that killed 57 people, has repeatedly emphasized that he wants to avoid a coalition government and will seek a majority government.”
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