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☆ Greeks head to polls, no outright winner seen
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +2 min

While opinion polls have placed the ruling conservative New Democracy party in the lead, a change to the country's electoral system means it is likely to fall short of an absolute majority. New Democracy, headed by Prime Minister Kyriakos Mitsotakis, is polling between 31-38%, followed by opposition leftist Syriza, trailing by 4-7 points. Should no party win outright, Greek President Katerina Sakellaropoulou will give the top three parties a three-day mandate each, in turn, to form a government. If they all fail, Sakellaropoulou will appoint a caretaker government that will lead the country to new elections roughly a month later. Reporting by Renee Maltezou, Writing by Michele Kambas, Editing by Clelia OzielOur Standards: The Thomson Reuters Trust Principles.

☆ Greek PM Mitsotakis says has won decisive mandate to govern
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: 1 min

ATHENS, May 21 (Reuters) - Greek Prime Minister Kyriakos Mitsotakis claimed victory in a parliamentary election on Sunday, saying he had a mandate to form a strong autonomous government. Early official results indicated on Sunday that Mitsotakis' conservative New Democracy party was set for a big win in Greece's election, but was short of the majority needed to form a one-party government. "The ballot results are decisive. They show that New Democracy has the approval of the people to rule, strong and autonomous," Mitsotakis said. Reporting by Renee MaltezouOur Standards: The Thomson Reuters Trust Principles.

☆ With His Party Ahead in Elections, Greek Leader Claims ‘Political Earthquake’
▼ + stars: | 2023-05-21 | by ( Niki Kitsantonis | ) www.nytimes.com time to read: +1 min

The governing party of Greece’s conservative prime minister, Kyriakos Mitsotakis, was way ahead of the opposition in the general election on Sunday but falling short of the majority required to secure another term, setting the stage for another election in weeks, since Mr. Mitsotakis appeared to rule out forming a coalition government. Mr. Mitsotakis described the preliminary outcome as a “political earthquake” that called for an “experienced hand to the helm” of Greece, and said that any negotiations with fractious potential coalition partners would only lead to a dead end. With 93.7 percent of the votes counted on Sunday night and his party, New Democracy, leading the opposition Syriza by 20 percentage points, Mr. Mitsotakis greeted a crowd of cheering supporters outside his party’s office in Athens. “We kept the country upright and we’ve laid the foundations for a better nation,” he said. “We will fight the next battle together so that at the next elections what we already decided on, an autonomous New Democracy, will be realized.”

☆ Greece's ruling Conservatives win parliamentary vote
▼ + stars: | 2023-05-21 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsGreece's ruling Conservatives win parliamentary votePostedGreece's ruling New Democracy party stormed to a crushing victory in a parliamentary election on Sunday but without enough seats to form a government. This report produced by Chris Dignam.

☆ Take Five: More drama on the horizon
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +5 min

LONDON, May 19 (Reuters) - There's no shortage of events, data and high drama for markets in the days ahead. 1/ USA WATCHCritical U.S. inflation data will allow investors to gauge whether the Federal Reserve will be able to pause its interest rate hiking cycle, as many on Wall Street expect. The personal consumption expenditures (PCE) price index, tracked by the Fed, is due on Friday for April. That was the smallest rise since July and, with the consumer price index slowing in April to below 5% on annual basis, hope for peak rates has grown. Yet this narrative could lose steam if Wednesday's April inflation data shows price rises are moderating.

☆ I Witnessed a Missile Attack in Kyiv, Ukraine - The New York Times
▼ + stars: | 2023-05-18 | by ( David French | ) www.nytimes.com time to read: +2 min

KYIV, Ukraine — This week, I was jolted awake by an air raid siren for the first time since my service in Iraq just over a decade ago. It was roughly 3 a.m. on Monday night, and I was sleeping soundly here in Ukraine’s capital. Ukrainian officials called it “exceptional.”The inbound missiles included Kinzhal hypersonic missiles, among the most vaunted weapons in the Russian arsenal. The skies lit up over Kyiv as the Ukrainians launched air defenses, including what appeared to be American-made Patriot missiles. And yet again Russian military capabilities had proven to be exaggerated.

☆ As Greek elections loom, parties vie for votes of 'lost generation'
▼ + stars: | 2023-05-17 | by ( Karolina Tagaris | ) www.reuters.com time to read: +5 min

"What I imagined at 18 is a long way away from what I'm living at 28," the physics student said. "I don't know how we cannot be called a lost generation. "Pension income is a fiscal problem," said Vlassis Missios, an economist at the Greek Centre of Planning and Economic Research. For many young Greeks, finding suitable work is tough. "Even if they can't win the votes of the young people, they don't want to have them as opponents.

☆ Burundi-born ex-police officer seeks to be Greece's first Black lawmaker
▼ + stars: | 2023-05-16 | by ( Karolina Tagaris | ) www.reuters.com time to read: +3 min

[1/6] Conservative New Democracy party candidate Spiros Richard Hagabimana arrives for an election campaign event at the neighbourhood of Nikaia, near Athens, Greece, May 12, 2023. REUTERS/Louiza VradiSALAMINA, Greece, May 16 (Reuters) - In working-class neighbourhoods on the outskirts of Athens, Spiros Richard Hagabimana is going door-to-door in an election campaign that could see him become Greece's first Black lawmaker. Dressed in a suit and tie, Hagabimana walks the streets of the constituency he is contesting in Greece's May 21 election, meeting voters in farmers' markets and cafes. 'I WOULD HAVE BEEN FINISHED'Hagabimana first arrived in Greece in 1991 on a scholarship to study at the Naval Academy. Hagabimana, then a National Police officer, refused orders to suppress demonstrators and was jailed and beaten, he said.

Ahead of an election on May 21, a cost-of-living crisis that is eroding earnings is foremost in voters' minds. For Klaoudatou it means voting for anyone but the incumbent conservative New Democracy or the opposition leftist Syriza. Reuters GraphicsThree international bailouts saved Greece from toppling out of the euro zone during a decade-long debt crisis that peaked in 2015. "Εven during the crisis - and this is the joke - I didn't think so much before spending a single extra euro," Klaoudatou told Reuters. Reuters GraphicsPAYCHECK BARELY GETS TO PAYCHECKOne in two Greek households could barely get by on their monthly income last year.

☆ Greek president approves PM request for May 21 election
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +1 min

[1/5] Greek Prime Minister Kyriakos Mitsotakis meets with Greek President Katerina Sakellaropoulou to discuss snap elections at the Presidential Palace in Athens, Greece April 22, 2023. REUTERS/Louiza VradiATHENS, April 22 (Reuters) - Greece's president approved a request by Prime Minister Kyriakos Mitsotakis on Saturday to dissolve parliament and hold elections on May 21, as the country gears for a vote that is unlikely to produce an outright winner. Mitsotakis announced the election date during a cabinet meeting in late March, a few months before his term officially ends in July. On Saturday, he told President Katerina Sakellaropoulou that parliament will be dissolved on April 23. "I hope we have a calm and fruitful pre-election period, for the good of the country," Sakellaropoulou told the conservative premier, kicking off a four-week political campaigning period.

[1/4] Greek Prime Minister Kyriakos Mitsotakis leads a cabinet meeting at the Maximos Mansion in Athens, Greece, March 28, 2023. Mitsotakis's New Democracy Party has held a comfortable lead over opposition leftist Syriza since it came to power in 2019, opinion polls show, but a Feb. 28 rail disaster which killed 57 people has stirred public anger and seen that gap narrow. The rail disaster on the Athens-Thessaloniki route, Greece's deadliest on record, sparked mass protests over the safety shortcomings of an underfunded and poorly maintained network, the legacy of a decade-long financial crisis which ended in 2018. Mitsotakis said the 'painful and traumatic' experience of the rail disaster highlighted deficiencies the state still had. "On May 21, Greek citizens will choose if the country will continue to seek winning the bet of reforms".

☆ The only way to end this war is for Ukraine to be liberated, says Garry Kasparov
▼ + stars: | 2022-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe only way to end this war is for Ukraine to be liberated, says Garry KasparovFormer World Chess Champion, Garry Kasparov, and founder and chairman of the "Renew Democracy Initiative", joins 'Squawk Box' to discuss China's Party Congress further consolidating power, the global economic consequences of a Taiwan invasion, and potential outcomes of Russia's war on Ukraine.

"It's about breaches of the rule of law compromising the use and management of EU funds," said EU Budget Commissioner Johannes Hahn. The 7.5 billion euros in question amounts to 5% of the country's estimated 2022 GDP. Navracsics expressed hope that the Commission would be reassured by the implementation of the reforms and withdraw its proposed sanctions against Hungary by Nov. 19. The Commission is already blocking some 6 billion euros in funds envisaged for Hungary in a separate COVID economic recovery stimulus over the same corruption concerns. Hungary had irregularities in nearly 4% of EU funds spending in 2015-2019, according to the bloc's anti-fraud body OLAF, by far the worst result among the 27 EU countries.

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