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Search resuls for: "Wolfgango Piccoli"


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CNN —Kyriakos Mitsotakis, leader of Greece’s center-right New Democracy party, has won a second four-year term as prime minister. During his election campaign, Mitsotakis vowed to further extend a 35-kilometer fence at the Greek-Turkey border, to block migrants trying to enter Greece. Fueled by May’s initial election results, Greek bonds and stocks have rallied with optimism that a pro-investment government could prevent financial backsliding. Other fringe far-right entries to the race included the nationalist party Greek Solution and the ultra-religious, anti-abortion Niki. “But despite the populist cacophony, Mitsotakis’ strong victory provides the new government a clear mandate to govern.”
Persons: Kyriakos Mitsotakis, Mitsotakis, , , Syriza, “ Mitsotakis, Nick Malkoutzis, ” Mitsotakis, Alexis Tsipras –, , Tsipras, Wolfgango Piccoli, Vassiliki Georgiadou, Ilias Kasidiaris, Niki Organizations: CNN, Democracy, New Democracy, PASOK, KKE, Panteion University, Spartans, Nazi, Freedom Locations: Greece, Pylos, Turkey, Europe, New, Athens, Golden
If he fails to form a coalition, a caretaker government will be sworn in and a second vote will take place in late June or early July. “Neither of the two main parties are new to the scene. The turmoil, which one political party referred to as “Greek Watergate,” forced a number of high-profile departures. The most likely scenario is that a caretaker government will be sworn in and a second vote will take place, most likely, in early July. They are expected to rally behind the main parties in a second election where they will want to see a strong government emerge.
Turkey's lira sinks to two-month low in post-election trade
  + stars: | 2023-05-14 | by ( ) www.reuters.com   time to read: +2 min
LONDON, May 14 (Reuters) - Turkey's lira slipped to a fresh two-month low as financial markets kicked off trading in the wake of the country's Sunday presidential and parliamentary election with the race for presidency appearing headed for a runoff. The currency weakened to 19.70 to the dollar before retracing some of its losses to 19.66, on track for its worst session since early November. "It is hard to foresee a market-positive scenario emerging from today’s double vote in Turkey," Wolfgango Piccoli at Teneo wrote in a note to clients. Analysts expect the lira to face sharp adjustments in the wake of the elections following years of economic imbalances and unorthodox monetary policy. The lira, which is prone to sharp swings before regular trading hours, has weakened 5% since the start of the year.
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