Kyriakos Mitsotakis elected as Greece's new Prime Minister

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Kyriakos Mitsotakis elected as Greece's new Prime Minister

Amid internal economic worries and the troubling external climate of socio-politics, Greece has elected its new prime minister on Monday, 8th July. The New Democracy party led by Kyriakos Mitsotakis won the general elections of the oldest democracy of the world.

The Party won 158 seats in the country's 300-member assembly for a clear majority. Mitsotakis' pre-poll promises included more investments in the beleagured country, better jobs and few taxes. Greece had previously received bail-outs from the European Union, and the imposition of strict measures had made the situation unteneable for the previous prime minister Alexis Tsipras.

And, while it is Tsipras who is credited from taking Greece away from being a bailout-depending nation, he is also seen as being culpable for burdening the country with more debt with inept negotiations with the European Union.

After his swearing-in in Athens' presidential palace, Mitsotakis told press, "Today we get started on the hard work. I have absolute confidence in our abilities to rise to the occasion." The Greek stock market also soared upwards following Mitsokakis' win.

Despite these gains, MItsotakis has an immediate problem on his hands in the form of the stand-off between Turkey and Cyrpus regarding offshore natural gas drilling in an island that is jurisdictionally challenged by Turkey.

On Monday, it was reported that a second Turkish ship had set off for the area containing natural gas reserves for exploration. This move from Turkey came even as the European Union issued a warning to Turkey to not overstep its jurisdictional boundaries lest it wanted to face action from the EU, in June.