Prime Minister Kyriakos Mitsotakis' party

Greek stocks and government bonds rallied sharply on Monday, cheering the ruling New Democracy party's election showing.

Prime Minister Kyriakos Mitsotakis' party fell just short of a majority in Sunday's vote, making a second election likely.

A day after national elections failed to produce a single-party government, Greece on Monday was bracing for a new ballot which vote-winner Prime Minister Kyriakos Mitsotakis' party is poised to seek in order to govern alone.