Kyriakos Mitsotakis

Androulakis resigning as MEP to run in general elections

The leader of the centre-left opposition party PASOK-Movement for Change, Nikos Androulakis, initiated on Wednesday the process for his resignation as a member of the European Parliament, in order to run in Greece's upcoming elections.

The move came after Prime Minister Kyriakos Mitsotakis announced  that the elections will be held on May 21.

Greece raises $2.7 billion as new 5-year bond sees strong demand

Greece raised 2.5 billion euros ($2.7 billion) on Wednesday with strong demand for a new 5-year bond, the day after Greek Prime Minister Kyriakos Mitsotakis called elections in late May.

Traders said Greece's debt agency was aiming to cover most of the annual borrowing needs before the country entered to a protracted pre-election period.

Announcing Election Date, Greek PM Sums up Turbulent Tenure

Greece's Prime Minister Kyriakos Mitsotakis in Brussels, March 2023. Photo: EPA-EFE/STEPHANIE LECOCQ

In his introductory statement to his cabinet, Mitsotakis reviewed his tenure, recalling all the issues his government had to deal with - the pandemic, issues with neighbour Turkey in the Aegean, the energy crisis, the the war in Ukraine, and a series of natural disasters.

Greece gears for election on May 21, how the system works

Greece will hold a parliamentary election in May, Prime Minister Kyriakos Mitsotakis said on Tuesday, with the country gearing up for a vote which is unlikely to produce an outright winner immediately.

The conservative leader, whose term ends officially in July, said a national election will be held on May 21.