News analysis

Stakes are high for Europe with new Greek PM in office

His win closes chapter in a dramatic rescue that averted financial meltdown in Europe

Greek conservative leader Kyriakos Mitsotakis has just been sworn in as Prime Minister after achieving something other European politicians can only dream of nowadays: a resounding electoral victory. In his country's general election on Sunday, he secured a comfortable overall majority in the Greek Parliament.

But when he chairs his first Cabinet meeting today, Mr Mitsotakis' assumption of power will be watched carefully by the entire European continent. For it was in Greece that the euro currency crisis began, and Mr Mitsotakis' election closes a chapter in a dramatic rescue attempt which averted what could have well been financial meltdown in Europe.

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A version of this article appeared in the print edition of The Straits Times on July 10, 2019, with the headline 'Stakes are high for Europe with new Greek PM in office'. Print Edition | Subscribe