The Japan Times - Greece PM eyes new polls for absolute majority after win

EUR -
AED 4.051266
AFN 71.693658
ALL 90.57862
AMD 397.666369
ANG 1.974766
AOA 1011.426746
ARS 1702.71518
AUD 1.627409
AWG 1.987006
AZN 1.879433
BAM 1.952133
BBD 2.222126
BDT 137.222233
BGN 1.956016
BHD 0.416199
BIF 3312.826808
BMD 1.102973
BND 1.420612
BOB 12.880629
BRL 6.225626
BSD 1.103228
BTN 103.916384
BWP 15.420823
BYN 3.305246
BYR 21618.272922
BZD 2.218932
CAD 1.573072
CDF 2553.383145
CHF 0.925797
CLF 0.027895
CLP 1097.866779
CNY 7.357548
CNH 7.360972
COP 3673.926216
CRC 494.371343
CUC 1.102973
CUP 26.477902
CVE 110.05826
CZK 24.402843
DJF 196.020815
DKK 7.475235
DOP 67.113018
DZD 151.076477
EGP 58.918512
ERN 16.544597
ETB 181.078189
FJD 2.508547
FKP 0.833097
GBP 0.834989
GEL 2.857131
GGP 0.833097
GHS 12.935525
GIP 0.833097
GMD 81.620402
GNF 9774.638724
GTQ 8.434042
GYD 230.813287
HKD 8.653381
HNL 29.667003
HRK 7.535227
HTG 144.676264
HUF 364.550304
IDR 20123.854658
ILS 3.547938
IMP 0.833097
INR 103.971264
IQD 1672.535462
IRR 2110539.043068
ISK 136.603645
JEP 0.833097
JMD 174.322542
JOD 0.782052
JPY 176.337869
KES 143.29869
KGS 96.43901
KHR 4532.424379
KMF 491.926393
KPW 992.676183
KRW 1474.702664
KWD 0.343566
KYD 0.919361
KZT 491.759561
LAK 24834.349648
LBP 98796.071866
LKR 366.945717
LRD 187.555134
LSL 18.651111
LTL 3.256793
LVL 0.667178
LYD 7.111512
MAD 10.931334
MDL 20.040083
MGA 5012.584057
MKD 61.533137
MMK 2316.133093
MNT 3975.205126
MOP 8.916028
MRU 44.619185
MUR 52.523997
MVR 16.997233
MWK 1913.080336
MXN 20.46463
MYR 4.506863
MZN 70.491427
NAD 18.651195
NGN 1485.572836
NIO 40.602993
NOK 10.555778
NPR 166.261148
NZD 1.996249
OMR 0.424084
PAB 1.103228
PEN 3.753948
PGK 5.034543
PHP 70.498185
PKR 305.076277
PLN 4.405992
PYG 6847.13792
QAR 4.021845
RON 5.349314
RSD 117.651978
RUB 91.216298
RWF 1632.211757
SAR 4.156683
SBD 8.931103
SCR 15.347339
SDG 663.442379
SEK 11.114142
SGD 1.42095
SHP 0.826476
SLE 25.262128
SLL 23128.798636
SOS 630.487074
SRD 41.35087
STD 22829.316447
STN 24.454064
SVC 9.653866
SYP 14340.856725
SZL 18.645721
THB 37.402225
TJS 10.177444
TMT 3.871436
TND 3.325653
TOP 2.655695
TRY 55.552789
TTD 7.488932
TWD 36.274694
TZS 2921.687931
UAH 50.160775
UGX 4556.440904
USD 1.102973
UYU 44.716003
UZS 13267.078314
VES 993.21681
VND 28374.534697
VUV 132.72376
WST 3.082654
XAF 655.957
XAG 0.022472
XAU 0.00028405106
XCD 2.98084
XCG 1.988329
XDR 0.779859
XOF 655.957
XPF 119.331742
YER 260.857098
ZAR 18.675293
ZMK 9928.085496
ZMW 22.556322
ZWL 355.156891
SSP 6558.841327
MXV 2.298203
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Greece PM eyes new polls for absolute majority after win
Greece PM eyes new polls for absolute majority after win

Greece PM eyes new polls for absolute majority after win

Greek Prime Minister Kyriakos Mitsotakis said his conservative party unleashed a "political earthquake" with a thumping win at Sunday's election, as he hinted that he would seek a new ballot to obtain an absolute majority enabling it to govern alone.

Text size:

With just over 82 percent of the ballot counted, his New Democracy party was credited with 40.8 percent of the votes -- a 20-point lead ahead of his nearest rival, leftist challenger Alexis Tsipras' Syriza party, which garnered 20.1 percent.

Despite the clear win, the conservatives were short of a few seats for an outright majority, meaning that Mitsotakis had the choice of seeking a coalition or a new ballot for a decisive result.

The 55-year-old made clear his preference.

"The citizens want a strong government with a four-year horizon," he said.

"Today's political earthquake calls on all of us to speed up the process for a definitive government solution," he added.

His rival Tsipras also set the stage for a new vote, saying "the electoral cycle is not over yet.

The next battle, he said, will be "critical and final".

- Economic stability -

Mitsotakis, a Harvard graduate and former McKinsey consultant, had entered into the elections as the favourite, with Greece currently enjoying fairly robust economic health.

Unemployment and inflation have fallen and growth this year is projected to reach twice that of the European Union's average -- a far cry from the throes of a crippling debt crisis a decade ago.

With a post-Covid tourism revival lifting the country's growth to 5.9 percent in 2022, Mitsotakis has campaigned on a pledge to build on the economic gains.

Yet the fear that wages are not keeping pace with rising costs remains a key concern for voters -- something his rival Tsipras sought to exploit.

But the result is a crushing blow to Tsipras, who has lost his fourth straight electoral battle to Mitsotakis after serving as premier in 2015 to 2019, during which he led rocky negotiations with creditors that nearly crashed Greece out of the euro.

Tsipras lost a third of his party's 2019 percentage, and in some areas trailed the third-ranked socialist party Pasok-Kinal, led by 44-year-old Nikos Androulakis.

Another casualty Sunday was Tsipras' former maverick finance minister Yanis Varoufakis, whose anti-austerity MeRA25 party failed to make it to parliament.

Androulakis had been seen early on as a potential coalition partner for Mitsotakis, but things went sour when he discovered he had been under state surveillance -- which is overseen by the prime minister's office.

The wiretap scandal, which erupted last year, forced the resignation of the head of the intelligence service and a nephew of Mitsotakis, who was a top aide in his office.

While it sparked an uproar, the spying saga did not seem to have had much of an impact on the conservatives' results, which were far better than the 6-8 percent lead predicted by pollsters in the run-up to the election.

Anger over a train crash that claimed 57 lives in February also did not seem to have significantly impacted the vote.

The government initially blamed the accident -- Greece's worst-ever rail disaster -- on human error, even though the country's notoriously poor rail network has suffered from years of under-investment.

- 'We have a future' -

Welcoming the results, retiree Glykeria Tzima, 62, said: "Democracy won today –- not only New Democracy, but democracy as a whole.

"We want to see a continuation of what was created in the last four years and leave the toxicity behind us. We, us Greeks, went through tough times and we saw that with this government and this prime minister, we have a future."

"There is a part of the people who literally lives on small change," he said, adding that Greece was suffering from a brain drain because of stagnating salaries and exploding rents.

Turnout reached only 58 percent as many had likely sat out the ballot given the anticipated second vote.

M.Saito--JT