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Greek Snap Elections Hand Victory to Conservative Party

HeadlineJul 08, 2019

In Greece, conservative Kyriakos Mitsotakis is being sworn in as the new prime minister today after he defeated the outgoing Alexis Tsipras and his leftist Syriza party by around 8 percentage points in Sunday’s snap general election. The elections were called after Syriza suffered major losses in May’s European Parliament elections. Syriza came to power on an anti-austerity platform in 2015 amid a crippling financial crisis, but ultimately signed on to another bailout plan and failed to transform the Greek economy. The conservative New Democracy party now holds an outright majority in the 300-member Parliament. Former Greek Finance Minister Yanis Varoufakis and his recently formed anti-austerity party MeRA25 scored nine legislative seats in the elections.

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