Mitsotakis to receive mandate on Monday morning

Greek President Katerina Sakellaropoulou is expected to present Kyriakos Mitsotakis with the formal mandate to form a government on Monday morning after his New Democracy party's resounding victory on Sunday night.

Mitsotakis is expected at the Presidential Palace in central Athens at 11 a.m. and will be sworn in as prime minister for his second term in office at 1 p.m.

Hopes of big three hinge on different goals

New Democracy, SYRIZA and PASOK closed the election race on Friday with different goals in view of Sunday's ballot.

For conservative ND, the main goal is to secure a comfortable outright majority in the region of 158 seats. It believes that the votes of young people and voters who live in areas other than their constituencies are key to achieving this.

UK recession fears mount

Fears that the British economy is heading for recession mounted sharply after the Bank of England raised borrowing costs by more than anticipated.

The Bank of England on June 22 decided to lift its main interest rate by half a percentage point to a fresh 15-year high of 5 percent.

Mitsotakis Eyes Likely Majority in Second Greek Election

Leader of New Democracy party Kyriakos Mitsotakis greets people at a rally in Thessaloniki, Greece, 21 June 2023. Photo: EPA-EFE/ACHILLEAS CHIRAS

Almost a month ago, Mitsotakis emerged as the big winner of May 21 elections, taking 40.83 per cent of the vote and leaving his main rival, Alexis Tsipras, and the left-wing party SYRIZA far behind on 20.07 per cent.