Mitsotakis sworn in as Greek PM, promises more jobs and ‘big changes’

Kyriakos Mitsotakis has been sworn in as Greece’s prime minister following elections on Sunday.

  • Kyriakos Mitsotakis was sworn in for a second term as prime minister on Monday. 
  • His centre-right New Democracy party got 158 seats in the 300-seat parliament from Sunday’s repeat elections.
  • He dedicated his second to to implementing big changes to boost Greece’s economy. 

Kyriakos Mitsotakis promised to rebuild Greece’s credit rating, create jobs, raise wages and boost state revenues after he was sworn in for a second term as prime minister on Monday following a resounding election win.

His centre-right New Democracy party got 158 seats in the 300-seat parliament in the repeat election on Sunday, well ahead of the 48 secured by leftist Syriza which ran Greece from 2015-2019 at the height of the decade-long economic crisis.

“I have committed that in this second term we will realise the big changes that the country so much needs,” Mitsotakis told President Katerina Sakellaropoulou after receiving an official mandate to form a government.

The 55-year-old former banker and scion of a powerful political family was prime minister from 2019 until stepping down in favour of a caretaker premier following an inconclusive 21 May vote.

He has promised to push ahead with reforms to rebuild the credit rating after the debt crisis, boost revenue from the vital tourist industry and increase wages to near the European Union average.

Ratings agency Moody’s Senior Vice President Steffen Dyck said New Democracy’s victory was credit-positive. A second four-year term under Mitsotakis “will ensure continuity in fiscal and economic policies. In particular, continued focus on improving the business environment and banking sector health,” he said.

He forecast Greece “will post one of the largest debt reductions globally,” with its general government debt burden declining to less than 150% of GDP by 2025, from 171.3% at the end of 2022.

ALSO READ | Pakistan starts DNA testing to identify victims of Greece boat disaster

A government spokesman announced the new cabinet at 14:00. 

Mitsotakis appointed Kostis Hatzidakis as his finance minister.

Hatzidakis, a 58-year-old soft-spoken politician and reformist according to political analysts, is New Democracy’s vice president. He served as labour and energy minister in the former government, overseeing the restructuring of Greece’s biggest power utility PPC, which had been struggling with overdue bills, the legacy of the debt crisis.

Nikos Dendias, foreign minister in the previous administration, was appointed defence minister. The foreign ministry portfolio went to George Gerapetritis, a senior aide to Mitsotakis who was state minister and took over the transport ministry after a deadly train crash in February.

The cabinet will be sworn in on Tuesday.

While the Covid-19 pandemic and the rail crash exposed shortcomings in health and public transport systems, soaring prices and economic hardship have more recently topped voters’ concerns.

Sunday’s vote saw a heavy defeat for Alexis Tsipras’s Syriza party, which lost more than 30 lawmakers. “Mitsotakis’s absolute dominance, with no opponent,” Greek newspaper Ta Nea wrote on its front page.

Tsipras said Syriza would work hard for a come-back and his party would decide on his own future.

The vote also saw three fringe right-wing and nationalist parties, including the anti-immigrant ‘Spartans’, enter parliament with a combined 34 seats. 

Related Posts

Ukraine has told world leaders gathered in London that it expects to secured billions to help rebuild the country.

Ukrainian drone strikes Russia’s Kursk, Zelensky says US business is ready to invest in Ukraine

Ukraine hit an administrative building in Kursk. The railway station was damaged in August. Ukrainian President Volodymyr Zelensky met US businessmen. A Ukrainian drone strike hit an…

Massive US alligator killed after police find woman's body still in its mouth

Massive US alligator killed after police find woman’s body still in its mouth

An alligator killed a woman in Florida. Authorities killed the 4m animal. The woman’s body was in the animal’s mouth. An alligator was killed as it was…

Philippines navy

‘Our maritime domains’: Philippines slams Chinese barrier in South China Sea

The Philippines accused China of installing a barrier in the South China Sea. The barrier prevents fishermen from accessing the Scarborough Shoal. China claims 90% of the…

Migrants from Venezuela get out of the Rio Grande

El Paso mayor decries ‘broken immigration system’ as city ‘at breaking point’ amid surge in migrants

El Paso is facing a breaking point as migrants cross into the US. Mayor Oscar Leeser says the daily total is 2 000, up from around 350….

'Let's get this done': Biden blames 'extreme Republicans' for threatening US government shutdown

‘Let’s get this done’: Biden blames ‘extreme Republicans’ for threatening US government shutdown

The US government faces a shutdown on 30 September. US President Joe Biden blamed Republicans for the impasse. He wants any budget to include $24 billion in…

Rupert Murdoch, global media mogul and conservative kingmaker

Rupert Murdoch, global media mogul and conservative kingmaker

The 92-year-old Murdoch announced he is stepping back from both News Corp and Fox, conglomerates which made him a billionaire. His eldest son Lachlan will become the…

Leave a Reply

Your email address will not be published. Required fields are marked *