The recent elections across Europe have ushered in new parties that have been either populists or center right coalitions. The conservatives are now expected to win in Greece, and they are called the New Democracy (ND) party and will form a government or will win outright, according to the article on CNBC attributed to Silvia Amaro. If proven right, the 2019 general election is set to force out the populist talk of current Prime Minister Alexis Tsipras. Note that voter swill be heading to the polls on Sunday.
Our View: There are more people now who seem to want change. Of course the current weakness in the European economy is a driver but the immigrant issue and US trade with the EU are also adding stress to the local populations who, now that they are ready t0 make decisions, are likely to vote center right or conservative. The country ended its third consecutive bailout program last August under the leadership of Tsipras, the populist. The New Democracy leader, Kyriakos Mitsotakis, would encourage more investment from overseas if he does in fact take office.