Syriza Wins Greek Elections
The anti-“austerity” party Syriza has won a commanding victory in Greece’s parliamentary elections:
Greece’s far-left Syriza party, which seeks to renegotiate Greece’s loan deals with Europe’s central authorities, won the largest share of seats in the Hellenic Parliament in historic elections Sunday, capturing 35.5 percent to 39.5 percent share according to exit polling. Syriza’s victory made Greece the first European Union member state with a leading party openly seeking to fight austerity, according to Reuters.
The final margin of victory is unknown at present but it will be substantial, possibly more than twenty points greater than the New Democracy Party which previously held the majority. Also unknown is the full set of implications for what this might bring. Alexis Tsipras, Syriza’s charismatic young leader, has threated to take Greece off the Euro.
I can only speculate that Syriza’s victory means that Greeks have overwhelmingly rejected the view, held by the Germans, that if only Greeks would become more German and abandon their lazy, spendthrift ways their economic problems would be solved.