Under a new electoral system, the winner of the June 25 vote can receive up to 50 bonus seats for every point it wins beyond 25%, so if New Democracy broadly repeats its May performance it will likely secure a clear majority. Mitsotakis has said that only a stable government can implement necessary but unpopular reforms that will continue the country's progress. Greek bonds lost the rating - which implies a very low risk of default - in 2010, a year after Greece's debt crisis broke out, forcing it to sign up to three bailout programmes up to 2018. I think this is something which is perfectly doable within the first months after the elections," Mitsotakis told Reuters on a ferry to the island of Salamina, a working class area west of Athens, that gave him 47.7% in May. "Our first goal, of course, is to obtain investment grade. Opinion polls show New Democracy's ratings slightly boosted ahead of the second vote. Mitsotakis, who was prime minister from 2019 until stepping down in favour of a caretaker premier following the inconclusive May vote as required by the constitution, says the result was nonetheless an approval of his policies.
Mitsotakis's New Democracy party won a May 21 election with a 20-point lead over the leftist Syriza party that ruled Greece from 2015 to 2019, at the peak of a decade-long debt crisis.īut despite the large winning margin, a result Greece has not seen since the 1970s, New Democracy fell just short of the outright majority needed to rule without forming a coalition, prompting the second vote. SALAMINA, Greece, June 15 (Reuters) - Greece's conservative leader Kyriakos Mitsotakis hopes that victory in an election re-run on June 25 will open the way to finally achieve a goal he set when first elected four years ago: for Greece to regain coveted investment grade status.
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