Investing.com - Greece's Alexis Tsipras said his left-wing Syriza party now has a "clear mandate" after a winning a sweeping re-election victory on Sunday, for the second time in less than nine months.
"I feel vindicated because the Greek people have a clear mandate to carry on fighting inside and outside our country to uphold the pride of our people," he said.
But he warned that Greece still faced difficulties ahead as the new government begins implementing the harsh economic reforms demanded by the €86 billion bailout package agreed with the country's creditors in July.
The previous Syriza-led coalition government was elected in January on an anti-austerity mandate, but was forced to accept tough conditions for Greece's third international bailout.
While Tsipras has vowed to implement the terms of Greece's third bailout program he has never endorsed its economic policies.
Tsipras's re-election reassured financial markets that Athens will stick to its bailout commitments.
The yield on Greek 10-year bonds was down 0.68% to 8.35 on Monday, close to the lowest levels of the year.
Yields fall as bond prices rise, indicating the debt is seen as a safer bet.
The head of the Eurogroup of euro zone finance ministers Jeroen Dijsselbloem said late Sunday he was "ready to work closely" with the new Greek government.