New Democracy party

Pivotal meeting for SYRIZA leadership

The leadership developments in the SYRIZA party are coming to a head on Saturday, when the meeting of the Central Committee will take place.

The party is beset by division and it is still reeling in the wake of two devastating defeats in a row - Mitsotakis' New Democracy party defeated SYRIZA 40.56% to 17.83% on June 25, the party.

Greece raises €3.5 bln from 15-year bond sale

Greece on Tuesday raised 3.5 billion euros in cash and bonds from a new 15-year bond issue, its debt agency said, marking the nation's first bond sale since June's national election.

Investor demand topped 13 billion euros and the final pricing was set at mid-swaps plus 125 basis points, a yield of about 4.42%, the Public Debt Management Agency said in a filing.

Mitsotakis vows to ‘fix sins of past’ during new term

Re-elected Prime Minister Kyriakos Mitsotakis has pledged his conservative government would "fix the sins of the past" and over the next four years cut taxes, boost wages and pensions, and repay bailout debts earlier than expected.

Mitsotakis, 55, won 158 seats in the 300-seat parliament in a June 25 national election, securing a clear majority to push ahead with his plan.

New government sworn in

The members of Greece's new government take the oath during a swearing-in ceremony attended by President Katerina Sakellaropoulou at the Presidential Palace in Athens on Tuesday. Center-right Prime Minister Kyriakos Mitsotakis' cabinet was sworn in as his New Democracy party had 40.55%, more than twice the opposition SYRIZA party's 17.84% after Sunday's election.

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