Greek stocks surge after commanding election win by conservatives
The Greek Athex Composite GD, +5.94% surged nearly 7% in opening trade on Monday, following the landslide victory of the conservative party led by Prime Minister Kyriakos Mitsotakis.
New Democracy was leading the left-leaning Syriza party by over 20 percentage points. The yield on the 10-year Greek government bond TMBMKGR-10Y, 3.894% fell 6 basis points to 3.94%.
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Focus on coalition horse-trading as Greek election looks unlikely to deliver a strong winnerSunday's Greek parliamentary election looks likely to be a dress rehearsal for a new round of voting in the busy summer tourist season - barring a surprise coalition deal by dissonant opposition parties.
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Focus on coalition horse-trading as Greek election looks unlikely to deliver a strong winnerSunday’s Greek parliamentary election looks likely to be a dress rehearsal for a new round of voting in the busy summer tourist season. That's barring a surprise coalition deal by dissonant opposition parties. Opinion polls indicate that Prime Minister Kyriakos Mitsotakis’ center-right New Democracy party could gain about 35%, some 6 percentage points ahead of leftwing Syriza led by former prime minister Alexis Tsipras. That wouldn’t be enough for ND to govern alone. Sharp divisions between the two main contenders and the four smaller parties forecast to enter parliament all but preclude a functioning coalition under either ND or Syriza. A second election on July 2 is seen as likely. Here’s a glance at Sunday's main candidates.
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Greek elections: Conservative party in lead but unlikely to form government outrightExit polls in Greece’s parliamentary elections show Prime Minister Kyriakos Mitsotakis’ conservative party in the lead but unlikely to win enough seats to form a government outright. If confirmed by official results, Mitsotakis will have to seek coalition partners to secure a majority in the 300-seat parliament. If coalition talks fail, a second election could be held in late June or early July. Exit polls showed Mitsotakis’ main rival, former Prime Minister Alexis Tsipras and his left-wing Syriza party, in second place. Sunday’s election is Greece’s first since its economy ceased being under strict supervision by international lenders who had provided bailout funds during the country’s nearly decade-long financial crisis.
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Greek Conservatives Come First in Elections, Buoyed by Economic UpturnGreece’s governing center-right came first in national elections, according to an exit poll, as voters rewarded Prime Minister Kyriakos Mitsotakis for recent economic performance.
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Conservative party of Greek prime minister in big election lead, to seek outright majorityThe conservative party of Greek Prime Minister Kyriakos Mitsotakis has won a landslide election victory but without enough parliamentary seats on Sunday to form a government outright. The prime min…
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