
PM Kyriakos Mitsotakis led his New Democracy party to victory on 21 May
Not long ago, Greece was Europe’s “economic and political problem child”, said Alan Posener in Die Welt (Berlin). The 2010 debt crisis had led to a 25% contraction in its economy – unemployment had hit 27%; people were rioting in the streets – and as a condition of receiving the massive bailouts required, the government was forced to impose strict austerity measures.