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New Democracy (ND), the centre-right party founded by Constantine Karamanlis in summer 1974 and currently led by Kyriakos Mitsotakis, scion of a powerful political family, won the twin electoral contest of May/June 2023 with a landslide. The victory was comprehensive both in terms of the votes received—over 40 per cent of those who cast their vote (abstention was over 45 per cent)—and because of the near collapse of Syriza (17.83 per cent) and the weak recovery of the other centre-left party, PASOK (11.46 per cent). Moreover, far right and conservative parties, three in total, entered parliament, amassing some 12 per cent of the vote. We argue that two interlinked phenomena account for these developments. The first was the eclipse of conditions that created the Syriza phenomenon in Greece (the 2010–15 debt crisis); the second was the lack of a credible programmatic alternative that spoke to the middle classes on behalf of both centre-left parties.