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Tag: Syriza

PODEMOS Reuters

Syriza’s Spanish Allies Hold Rally Against Anti-Austerity

Greece’s new anti-austerity Prime Minister Alexis Tsipris has a strengthening ally in Spain as divisions firmly appear amongst eurozone members. German Chancellor Angela Merkel has ruled out cancelling any of Greece’s debt, saying banks and creditors have already made substantial cuts

Reuters

The End of the Center-Left? Greece’s Socialist Party Loses to Both Hard Left and Neo-Nazis

The European left is in party mode. After the decisive victory of Greece’s Coalition of the Radical Left (Syriza) in parliamentary elections last night, Greek leftists took to the streets and their analogs in Spain and the UK warned that their nations would be next. But while the hard left has much to celebrate, “moderate” socialists on the continent should take the news with a grain of salt, as the leftist party that ruled Greece as recently as 2011 appears to have lost almost all support.

Louisa Gouliamaki / AFP

Beware of Greece Demanding Debt Relief

Insolvent Greece is at the center of the European Financial Crisis that has led to a 20 percent devaluation of the exchange rate of the euro against the U.S. dollar. Polls indicate that in parliamentary elections on Sunday, the main leftist and center-right parties will finish one and two.