Conservative party leader Kyriakos Mitsotakis was sworn in as Greece’s new prime minister on Monday, a day after his resounding win over left-wing Alexis Tsipras, who led the country through the tumultuous final years of its international bailouts.
Mitsotakis, 51, was elected on a pledge to cut bailout-era taxes and ease draconian budget targets set by Greece’s creditors during the years of financial rescue commitments that could soon be put to the test by the country’s creditors.
The son of a former prime minister and brother of a former foreign minister, Mitsotakis will have to move fast to deal with the myriad of problems still plaguing the economy. An inspection from Greece’s former bailout creditors is overdue and will take place amid warnings that the country’s public finances have gone off track.
Greece’s creditors appeared in no mood to give the new government any grace period.
