Snap Greek Elections Are the Latest Chapter in the Bailout Saga

Snap Greek Elections Are the Latest Chapter in the Bailout Saga
Alexis Tsipras, leader of radical left Syriza party and former prime minister, waves to supporters during a pre-election rally, Athens, Greece, Sept. 13, 2015 (AP photo by Yorgos Karahalis).

Greeks head to the polls this Sunday after a split in the ruling far-left Syriza party over Greece’s bailout prompted Prime Minister Alexis Tsipras to resign and call snap elections. A poll released Tuesday shows Syriza neck and neck with the center-right New Democracy party—27.0 percent support to 27.5, respectively—putting into doubt Tsipras’ ability to return as prime minister. Syriza came to power in January on a staunch anti-austerity platform. However, Tsipras was unable to negotiate an end to austerity with Greece’s creditors—the International Monetary Fund, the European Commission and the European Central Bank. Throughout the spring Greece faced the […]

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