The new Greek government is planning to move ahead with the tax cuts promised by New Democracy during the election campaign and is aiming to table a bill before the end of July that will set out the reductions over the next three years.
Finance minister was the toughest job in any government during the bailout years, but it’s also the toughest in Greece’s first new government after the end of the bailouts.
Kyriakos Mitsotakis held his first cabinet meeting on Wednesday and his government is due to begin legislative activity as soon as receives the customary vote of confidence in the coming days.
Kyriakos Mitsotakis’s first cabinet reveals a strategy for reforming Greece by mostly putting experienced ministers in key posts and backing them up with a layer of specialists underneath.
Kyriakos Mitsotakis set about appointing the team to carry out his mandate to transform Greece after New Democracy’s landslide election victory on Sunday.
Sunday’s elections delivered a big win for Kyriakos Mitsotakis and New Democracy, which will have a very workable majority in the next Parliament, but did not led to the crushing defeat that many expected for SYRIZA and Alexis Tsipras.
New Democracy leader Kyriakos Mitsotakis held his main campaign rally in Athens on Thursday night, urging voters to give him clear mandate to govern even though the latest opinion polls suggest that the centre-right party is already on course for an outright majority in the next Parliament.
Kyriakos Mitsotakis and senior New Democracy officials have distanced themselves from the suggestion that if their party wins the elections it will apply for a precautionary credit line from the European Stability Mechanism (ESM) and use at least part of Greece’s cash buffer to help banks deal with their non-performing loans.
Alexis Tsipras’s interview with Skai TV almost a year on after he issued a ban on SYRIZA officials appearing on the channel has made the headlines in Greece on Wednesday but its impact on the election campaign is doubtful.
Kyriakos Mitsotakis is sticking to his core themes of tax cuts and growth as Greece enters the final straight of a low-key election campaign that New Democracy looks set to win comfortably.