Global markets showed marked enthusiasm regarding the prospect of Greece turning toward a more conservative route, after the New Democracy Party’s landslide in Sunday’s local and European Elections, according to greekreporter.com
Greece’s ten-year bond lost more than nine percent since the day started, and is now at an all-time low of 3.08 percent, making Greece’s costs for borrowing the cheapest ever recorded.
Furthermore, the Athens Stock Exchange started the day on Monday with gains of more than 5 percent, adding millions of Euros to Greece’s corporate share values.
Global and Greek analysts forecast that the New Democracy Party is set to win the snap elections which Prime Minister Tsipras announced last night.
The elections, initially planned to be held this autumn, are most likely to to take place either on June 30 or July 7, at the latest.
This development, together with Kyriakos Mitsotakis’ pro-market and pro-liberal stance, gives hopes to global traders that Greece’s turn to the right will prove to be a positive development for the country’s economic prospects.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Dimorsitanos
