Greek Conservatives Secure Decisive Victory in Second Election

1 min read
Source: Reuters
Greek Conservatives Secure Decisive Victory in Second Election
Photo: Reuters
TL;DR Summary

Greek Prime Minister Kyriakos Mitsotakis declined to seek a coalition following this weekend's inconclusive election, paving the way for a second vote in June that he hopes his conservative party will win outright. It would take place under a system of semi-proportional representation, with a sliding scale seat bonus, increasing the chances of an outright win for Mitsotakis's party. All parties are eligible to run again. Markets surged on the prospects of a New Democracy victory in the second vote.

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