Mitsotakis rules out snap elections, confirms Greece vote in 2027

Athens, Greece. Greek Prime Minister Kyriakos Mitsotakis ruled out snap elections, saying the next general election will take place in spring 2027.

Election timetable

Mitsotakis made the announcement during a press briefing on Sunday, dismissing media speculation that elections could be called this year.

His centre-right government was re-elected in 2023 with 40.5% of the vote after pledging to raise incomes. While it remains ahead in opinion polls, its support has fallen below 30% amid a prolonged cost-of-living crisis and allegations of corruption.

Mitsotakis said he believed his party could still win an outright majority and secure a third consecutive four-year term.

Tax and wage measures

On Saturday, Mitsotakis announced income tax reductions and wage increases worth €3.5 billion ($4.06 billion), equivalent to 1.5% of gross domestic product, to be introduced over the next four years.

The measures include an annual €400 bonus for pensioners and €500 for public servants. They also provide for a zero tax rate on annual incomes of up to €20,000 for farmers and families with three children.

Advance tax payments for self-employed people and businesses will be gradually reduced to 50%.

Economic targets

Mitsotakis also pledged to reduce unemployment to 6% and bring public debt below 110% of GDP by 2030.

Following the 2009 financial crisis, which raised fears that Greece could leave the euro zone, the country is now among Europe’s best-performing economies.

Greece’s economy is expanding at an annual rate of 2%, above the euro zone average. The country expects a primary surplus of about 4% this year, twice the initially projected level, providing fiscal space for the new measures.