Kyriakos Mitsotakis sweeps to victory in Greece

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Kyriakos Mitsotakis sweeps to victory in Greece
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  • 📰 TheEconomist
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Alexis Tsipras, Greece’s outgoing prime minister, may have underestimated dissatisfaction with high taxes and unemployment

GREECE’S CENTRE-RIGHT New Democracy party comfortably won a snap general election on July 7th, capturing 39.9% of the vote to 31.5% for the left-wing Syriza party of Alexis Tsipras, the current prime minister.

The former McKinsey consultant has bold plans to overhaul the country’s creaking bureaucracy, attract foreign investment and create enough new jobs to stem the exodus of skilled young workers. He will face opposition from Syriza’s placemen in the civil service and regulatory bodies. Yet some worry that when Mr Mitsotakis’s political honeymoon is over, old rivalries and clientelism in ND will resurface and undermine his efforts to reform.

Four other parties cleared the 3% of the vote threshold for entering parliament. Among them is MeRA25, founded by Yanis Varoufakis, a maverick economist who served as finance minister in 2015 during Syriza’s first six months in power. His party won 3.4% of the vote and nine seats. Now that he is back in the national spotlight, Mr Varoufakis is likely to play a gadfly’s role, attacking both main parties.

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