Exit polls from today’s election predict Kyriakos Mitsotakis’s centre-right party has won enough votes to secure a majority in Greece’s 300-seat parliament. Mr Tsipras, who leads the ruling left-wing Syriza party, has called Mr Mitsotakis to congratulate him on his victory.
The New Democracy party has taken 39.8 percent of the vote compared to the incumbent Syriza party’s 31.6 percent, according to Greek interior ministry projections.
Mr Tsipras said he respected the will of the people who voted New Democracy to power.
He said: “Today, with our head held high we accept the people’s verdict.
“To bring Greece to where it is today we had to take difficult decisions with a heavy political cost.”
Mr Tsipras surged to power in 2015 promising to defy the austerity demands of the EU and the International Monetary Fund.
But he called the vote after suffering major defeats in local and European elections earlier this year.
Mr Mitsotakis is from one of Greece’s powerful political families and the son of a former prime minister.
Speaking after he cast his vote, he said: “Today is a celebration of democracy. Greek men and women hold the fate of this land in their hands.”
More to follow.