Market grants no grace period for new Greek gov't
Greece's center-right government, voted into power in Sunday's general elections, is granted no grace period but rather a trial period by the markets and the country's creditors, experts warned here on Monday, stressing the need for reforms and a delicate handling of the economy.
The country's conservative New Democracy (ND) party has secured an outright majority in the Greek parliament.
According to the final official results released by the Interior Ministry, ND received almost 40 percent of the vote and thus won 158 seats in the 300-member parliament.
It will be the first time since 2009 for Greece to be be ruled by a single party that holds a comfortable majority in parliament.
Analysts expect the new market-friendly administration to bolster growth and investment in an economy that lost 25 percent of its gross domestic product (GDP) during the...
- Log in to post comments