cloudyn.png
Monday December 16th, 2019 7:41AM

Greek election winner to be sworn in as prime minister

By The Associated Press
Related Articles
  Contact Editor

ATHENS, Greece (AP) — Conservative party leader Kyriakos Mitsotakis is to be sworn in as Greece's new prime minister Monday, a day after his resounding win over left-wing Alexis Tsipras, who led the country through the tumultuous final years of its international bailouts.

Mitsotakis' New Democracy party won 39.8% of the vote, giving him 158 seats in the 300-member parliament, a comfortable governing majority. Tsipras' Coalition of the Radical Left, or Syriza, garnered 31.5%. The extremist right-wing Golden Dawn, Greece's third largest party during the height of the financial crisis, failed to make the 3% threshold to enter parliament.

Mitsotakis will have to move fast to deal with the myriad of problems still plaguing the economy. Europe's finance ministers are meeting in Brussels on Monday and will be discussing Greece, which still has stringent fiscal targets to meet even though it doesn't directly receive bailout loans.

"I assume the governance of the country with full awareness of the national responsibility," Mitsotakis said in his victory speech Sunday night. "I know of the difficulties that lie ahead for me and for my associates. But I draw strength from the strength of the people."

Greece's economy shrank by a quarter and poverty and unemployment levels soared during the country's nearly decade-long financial crisis. Although its finances are on the mend and the economy is expected to grow by 2.2% this year, it still has a long way to go to make up the economic output lost.

The country's debt stands at about 181% of annual GDP and has pledged to continue producing large primary surpluses — the budget excluding debt servicing — for years to come.

Mitsotakis said Sunday he would stick to his campaign pledges of lowering taxes, attracting investments and cutting through red tape to make Greece more business-friendly.

.

  • Associated Categories: Associated Press (AP), AP National News, AP Online National News, AP Online Headlines - Washington, AP Online Congress News, AP World News, AP Business, AP Business - Economy, AP Business - Financial Markets
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Greek election winner to be sworn in as prime minister
Conservative party leader Kyriakos Mitsotakis is to be sworn in as Greece's new prime minister after a resounding win over left-wing Alexis Tsiparas, who led the country through the tumultuous final years of its international bailouts
3:33AM ( 27 minutes ago )
Admiral to lead Navy instead will retire; bad judgment cited
The Navy admiral set to become his service's top officer on Aug. 1 will instead retire
3:29AM ( 30 minutes ago )
Iowa, Nevada to launch caucus voting by phone for 2020
Democrats in the early presidential voting states of Iowa and Nevada will be able next year to skip their states' traditional neighborhood caucus meetings and instead cast their votes over the phone, according to plans unveiled by the state parties
3:28AM ( 32 minutes ago )
Associated Press (AP)
Cabinet of curiosities: 15,000 ink samples at Secret Service
The U.S. Secret Service's International Ink library contains more than 15,000 samples dating back to the 1920s
12:38AM ( 3 hours ago )
Cabinet of curiosities: 11,000 ink samples at Secret Service
The U.S. Secret Service's International Ink library contains more than 15,000 samples dating back to the 1920s
12:36AM ( 3 hours ago )
Justice Department shaking up legal team on census case
Justice Department is shaking up the legal team trying to add a citizenship question to the census
12:12AM ( 3 hours ago )
AP Online Headlines - Washington
Trump lashes out at media over 'phony' border conditions
President Donald Trump is lashing out at the news media over what he called "phony and exaggerated accounts" of a dangerous situation at U.S. Border Patrol stations following reports of crowded and unsanitary conditions
4:42PM ( 11 hours ago )
Acting homeland security secretary defends border conditions
Acting Homeland Security Secretary Kevin McAleenan is defending conditions at U.S. Border Patrol stations following reports of unsanitary conditions
2:44PM ( 13 hours ago )
The Latest: Vote projections show new party governing Greece
Official election projections in Greece show the opposition New Democracy party winning 39.8% of the vote compared to the governing Syriza party's 31.6%
2:04PM ( 13 hours ago )
AP Online Congress News
Quakes push Californians to prepare for the next big jolt
Residents are cleaning up from two of the biggest earthquakes to rattle California in decades as scientists warn they should serve as a wake-up call to be ready when the long-dreaded "Big One" strikes
12:26AM ( 3 hours ago )
The Latest: Japan concerned over Iran's uranium enrichment
Japan is expressing serious concern over Iran's decision to increase uranium enrichment above the limit set by the 2015 nuclear agreement, urging Tehran to return to its earlier commitment
12:09AM ( 3 hours ago )
Asian stocks sink after US jobs data hurt hopes of rate cut
Asian stocks decline after robust US employment data temper hopes Fed might cut rates
11:38PM ( 4 hours ago )
AP Business
Admiral to lead Navy instead will retire; bad judgment cited
The Navy admiral set to become his service's top officer on Aug. 1 will instead retire
3:29AM ( 30 minutes ago )
Iowa, Nevada to launch caucus voting by phone for 2020
Democrats in the early presidential voting states of Iowa and Nevada will be able next year to skip their states' traditional neighborhood caucus meetings and instead cast their votes over the phone, according to plans unveiled by the state parties
3:28AM ( 32 minutes ago )
LEADING OFF: Derby day; Lucroy, Arrieta get evaluated
LEADING OFF: Derby day in Cleveland, Angels' Lucroy evaluated after collision, Phillies' Arrieta may need surgery
2:49AM ( 1 hour ago )
Wimbledon resumes in Week 2 with Coco-Halep, Serena, Big 3
A star-filled cast that includes Serena Williams, 15-year-old sensation Coco Gauff and the men's Big Three of Roger Federer, Rafael Nadal and Novak Djokovic is on the schedule as Wimbledon resumes after its traditional day off
2:48AM ( 1 hour ago )
US men fail to follow women, lose Gold Cup final to Mexico
U.S. men failed to follow the example of American women, losing 1-0 to Mexico in the final of the CONCACAF Gold Cup and showing just how far they are from success
1:30AM ( 2 hours ago )