Greek Prime Minister Mitsotakis rules out snap elections

Greek Prime Minister Kyriakos Mitsotakis officially ruled out holding snap elections this year, confirming that the next general election will take place in the spring of 2027. During a press briefing on Sunday, Mitsotakis expressed confidence that his centre-right government could secure an outright majority to win a third consecutive four-year term, despite recent polling data indicating that support for his party has dipped below 30% from the 40.5% share achieved in the 2023 elections.

This announcement followed a major package of economic measures unveiled on Saturday, totaling €3.5 billion, or 1.5% of GDP, to be implemented over the next four years. Key components of this fiscal strategy include wage hikes and tax breaks, specifically a €400 bonus for pensioners and a €500 bonus for public servants. Furthermore, families with three children and farmers will benefit from a zero-tax rate on annual incomes up to €20,000. These measures represent an effort by the administration to address the ongoing cost-of-living crisis and public concerns regarding allegations of corruption.

Beyond immediate tax relief, the government has set long-term economic objectives to be met by 2030, including a reduction of the unemployment rate to 6% and a decrease in public debt to below 110% of GDP.