Party on, Tsipras

Why the Eurozone Needs a Syriza Victory

Greek former Prime Minister Alexis Tsipras waves during a meeting with members of his Syriza party in Athens, August 2015. Stoyan Nenov / Reuters

On August 20, just hours after Greece received the first tranche of its 86 billion euro bailout and just seven months after he assumed office, Greek Prime Minister Alexis Tsipras resigned his post and effectively triggered new elections, scheduled for September 20. Tsipras’ sudden resignation has raised concerns that the political uncertainty surrounding new elections will further damage Greece’s ailing economy and slow down the reform process to which Greece has committed itself as a condition of its EU bailout.

Although the outcome of the elections is uncertain, the most likely scenarios all involve Tsipras returning to power. Despite having caved in to creditor demands and reneged on his promise to end austerity, Tsipras remains enormously popular in Greece. Today, the firebrand former communist is the only political figure who appears capable of assembling a majority government and pushing through the austerity measures and structural reforms that the EU is demanding. Greece’

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