Greek Voters Set Stage for Tense Austerity Negotiation

Greece’s socialist left has won power. Now it needs to wield it.

For Syriza, the left-wing, anti-austerity party that seized control of the government in Sunday’s snap parliamentary elections, that means following through on its number one campaign promise: to renegotiate the terms of Greece’s economic bailout with the International Monetary Fund (IMF), the World Bank, and the European Central Bank (ECB). Those three financial institutions, collectively known as the “Troika,” have made their economic assistance contingent on Greece’s willingness to pass a series of draconian austerity cuts.

Read more: http://america.aljazeera.com/articles/2015/1/26/greek-voters-set-stage-for-tense-austerity-negotiation.html