Although the President of the Republic has limited political power, as most power lies with the government, his duties include formally appointing the Prime Minister, on whose recommendation he also appoints or dismisses other members of government, he represents the State in its relations to other States, proclaims referendums etc. General elections are normally held every four years unless the Parliament is dissolved earlier.
The electorate consists of all Greek citizens who are 18 years of age. Thursday, 11 November Political and economic uncertainties and an occasionally difficult business environment can affect corporate payment behavior.
Corporate default probability is appreciable. Source: Coface European Union. Thank you for submitting. Which of the following best describes you? What is your main purpose for visiting globalEDGE? Born in , Prokopis Pavlopoulos, a veteran politician of the centre-right New Democracy Party was elected president by parliament in February The vote was the fourth attempt to elect a successor to Karolos Papoulias, of the Pan-Hellenic Socialist Movement Pasok , after previous failures triggered the downfall of the government of Prime Minister Antonis Samaras and snap parliamentary elections.
The presidency is a largely ceremonial post, as executive power resides with the prime minister. Prime Minister: Alexis Tsipras. Alexis Tsipras swept into power by winning snap elections in January on promises to ease the tough austerity imposed on Greece as part of international bailouts. His leftwing Syriza party only narrowly missed out on winning an absolute majority in parliament, and formed an anti-austerity coalition with the nationalist Independent Greeks party.
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