Blog

by Robin Wigglesworth Financial TimesJuly 10, 2019 Greece’s borrowing costs have tumbled to a record low — dipping below even the US — thanks to rising hopes of a renewed bond-buying programme from the European Central Bank and the centre-right New Democracy party’s sweeping victory in elections last weekend. This marks a stark turnround for […]

by Yannis Palaiologos Washington PostJuly 10, 2019 Sunday’s parliamentary elections amounted to a stinging defeat for both left and right populism in Greece. After a long slog in bailout purgatory, and 4½ years under a populist government of the hard left and the nationalist right, Greeks turned decisively to the establishment center-right New Democracy party,

by Matina Stevis-Gridneff & Steven Erlanger New York TimesJuly 9, 2019 With a quiet handshake at the door of Maximos Mansion on a tree-lined street in central Athens, Alexis Tsipras ceded the office of prime minister on Monday to the New Democracy leader, Kyriakos Mitsotakis. It was the kind of uneventful handover of power that

by Anne Applebaum Washington PostJuly 9, 2019 It may have been the worst recession to hit any economy in modern times. Between 2007 and 2014, Greece lost a quarter of its economy; hundreds of thousands of people moved abroad; unemployment peaked at almost 28 percent, hitting nearly 1 in 3 of the working population. Extremist

by Kerin Hope Financial TimesJuly 8, 2019 A triumphant Kyriakos Mitsotakis was sworn in as Greece’s new prime minister on Monday after leading his New Democracy party to a resounding election victory. “The people of Greece gave us a strong mandate yesterday to change this country. We will honour it to the full. The job

by Yascha Mounk AtlanticJuly 9, 2019 A few short years ago, the far left was resurgent. Fringe politicians such as Britain’s Jeremy Corbyn, Greece’s Alexis Tsipras, and France’s Jean-Luc Mélenchon were turning into the standard-bearers of the mainstream left. Meanwhile, in the United States, Bernie Sanders was staging a surprisingly robust primary challenge against Hillary

by Roger Cohen New York TimesJuly 8, 2019 If you’re looking for an optimistic story in Europe, try Greece. Yes, you read that right. Having lost a quarter of its economy in a devastating recession, Greece has turned the corner, its democracy intact, its extremist temptations defeated and its anti-Americanism defunct. The landslide election on

EconomistJuly 8, 2019 Greece’s center-right New Democracy party (ND) comfortably won a snap general election on July 7th, capturing 39.9% of the vote to 31.5% for the left-wing Syriza party of Alexis Tsipras, the current prime minister. The result fell short of the sweeping victory for ND predicted by some pollsters, but gives the conservatives