Syriza Party Wins In Greece As Analogies Drawn To Argentina

The anti-austerity Syriza party has won widespread support in Greek elections as the European Union threatens that Greece must “bow to austerity or  go bust,” The Telegraph newspaper is reporting.

The left leaning Syriza party made a wide range of promises in its political campaign, many of which are diametrically opposed to one another. At primary issue is a promise from Syriza leader Alexis Tsipras to remain a part of the euro currency and stop payments on crippling government debt at the same time. Tsipras had promised increased government spending until the economy is stronger, funded by cuts in payments to foreign investors, many in Western Europe. Less public talk has centered on...