Kyriakos Mitsotakis is one step closer to a new four-year term as of last night, as the result of the ballot resulted in a “real hammer blow” for the official opposition of Alexis Tsipras, as stated today in a publication of Bloomberg.

The agency’s article notes that the Greeks, with their vote, sent a message to the markets that “the investment-friendly policies of the prime minister will continue.”

“Mitsotakis’ centre-right faction received almost 41% of the vote compared to almost 20% for SYRIZA, however, due to the system of simple proportionality, it cannot directly form an autonomous government, which means it will have to go to a second ballot box in almost a month instead of trying to form a coalition government,” it says Bloomberg adding that “Mrvoters were convinced by Mitsotakis’ commitment to “build” on one of the fastest economic recoveries in the European Union, which has brought Greece to the threshold of returning to investment grade”

At the same time, the agency’s publication notes that the three leading parties they will have a period of nine days in which to investigate if possible a coalition government, however this is unlikely since the leaders of all the major parties have ruled out this possibility, but also because Mitsotakis now has a clear path to a decisive victory in front of him, if new elections are held.

Sunday’s election as the agency notes, they were the first under a new system proportional representation, which practically means that a candidate needs about 48% of the vote to be able to form a one-party government. If a second election is held, the winner will receive a bonus of up to 50 seats, meaning the threshold drops to around 38%, depending on the number of parties that qualify for the 300-seat parliament.