The end of an era for SYRIZA as New Democracy forms government
Welcome to the weekly round-up of news by Kathimerini English Edition. After fifteen years at the helm of SYRIZA, former prime minister Alexis Tsipras announced that he was resigning from the party leadership after its performance in the two recent elections. Alexis Tsipras served as Prime Minister from January 2015 to July 2019, having been the leader of precursor party Synaspismos from 2008 when he took over at the age of just 34. With the party’s popularity rising during the financial crisis, Tsipras will always be inextricably linked with that turbulent period in Greece’s history, whether in opposition or in government. With a political legacy dominated by the 2015 referendum and the “Prespes Agreement” with North Macedonia, the decision by Tsipras to resign marks a clear break for a party that has been largely shaped around his political presence. “I understand the need for a new wave in SYRIZA. And I decided to step aside. I have confidence in the human capital of our party, in the inexhaustible forces of society and the Left,” he said from the Zappeion Megaron in central Athens. “With the resignation of Tsipras, a cycle for SYRIZA is ending. It was a party that in recent years, both in government and opposition, identified itself with toxicity, divisionary rhetoric and deafening inefficiency”, said Prime Minister Kyriakos Mitsotakis from Brussels, where he was attending the European Summit, adding that it was an “expected decision”. The 43 members of SYRIZA’s Political Secretariat met on Sunday to set out a timeframe in which the next leader of the party will be elected, with the two most common scenarios being either wasting no time and electing someone in July or waiting for September. The party will also need to elect a transitional parliamentary leader, with former Alternate Minister for Environment and Energy Sokratis Famelos being put forward. Spotlight
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OPINION
Whatever course the leadership struggle in SYRIZA takes the “day after” will be not be easy for the country’s second largest party. None of the potential candidates has the broad acceptance enjoyed by former Prime Minister Alexis Tsipras who led SYRIZA for over 15 years. Indications are that the torch will pass to an even younger cadre than the 49-year-old Tsipras. Former ministers Effie Achtsioglou (Labor) and Alexis Charitsis (Interior, Economy) are seen to be among the leading contenders. In any case, the next leader will have to work hard to be accepted by all of the party’s factions while rebuilding SYRIZA after its humiliating defeat in the last elections. At the same time, he or she should be able to confront the government with the necessary credibility and offer a convincing and realistic alternative, while at the same time being able to create a bridge with the other force in the center left, PASOK. However one reads the math, the two parties have to find a way to coexist and work together if they are to ever come back to power. The absence of the personal animosity many in PASOK feel towards Alexis Tsipras might facilitate such a rapprochement. Even supporters of the ruling New Democracy acknowledge the need for a stable and serious main opposition party that can offer constructive criticism.
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| CHART OF THE WEEK |
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| ECONOMY IN A NUTSHELL |
| “The Athens Exchange (ATHEX) general index closed at 1,278.61 points on Friday, up 0.78% from last week. June was the third consecutive month of growth, capping off a six-month period in which the index grew by more than 37.5%.” |
| “The upwards trajectory of foreign investments in Greek real estate continued in the first quarter of 2023. According to a report released by the Bank of Greek, the total amount for the period was approximately 497 million euros, up 33% from last year.” |
| “The government announced the extensions of the “Household Basket” measure as well as the ceiling on profit margins for food and fuel, which were both set to expire this week. This most likely confirms that food inflation will continue at high levels for at least another month.” |
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