Greece’s PM confirms general vote on May 21

BLOOMBERG

Greek PM Kyriakos Mitsotakis confirmed a general vote on May 21, completing the formal process to call for an election that will take place in the aftermath of a deadly train crash which has shaken the country.
The country is today very close to recovering its investment grade, a development that will mean lower borrowing costs for the state, businesses and households, the premier said. “This national goal, combined with the need for a strong representation of the country internationally, impose political stability over a four-year horizon,” Mitsotakis said.
The government has in practice completed its term, Mitsotakis said during a meeting with President Katerina Sakellaropoulou in Athens, completing the formal constitutional process to officially begin the campaign period. “I have the pleasure to hand you the cabinet meeting’s decision according to which we recommend the dissolution of parliament and the holding of elections on May 21.”
The announcement was made when the Greek parliament was already closed for the Orthodox Easter holidays, meaning that it will remain closed until the vote.