Syriza Is Offering a New Deal for the People of Greece

The New York Times, January 28, 2015. All Rights Reserved.

The reason for the meteoric rise of Syriza is clear. The Greek electorate has had enough of the imposition of the harsh austerity measures that are behind the bailout loan agreements that have been in effect since May 2010 when Greece was on the brink of an official default. Undoubtedly, a Greek default would have had a catastrophic impact on Europe’s major banks and could have led to the dissolution of the eurozone, at least in its present form, so a bailout by Greece’s euro partners was inevitable.

Read more: http://www.nytimes.com/roomfordebate/2015/01/27/can-greeces-anti-austerity-government-succeed/syriza-is-offering-a-new-deal-for-the-people-of-greece