Alexis Tsipras Gamble Pays Off as Syriza Wins Greek Elections

Back in January, on the night Syriza sensationally won its first election and its voters still believed all things were possible (even an end to austerity), you could not move on Korai, the small square off Stadiou street in central Athens where the leftist party pitches its election tent.

When the first exit polls flashed up on the big screen in the same marquee at 7pm local time on Sunday, there were as many reporters, photographers and cameramen as there were party supporters. But as the night wore on and what had long looked the most uncertain of outcomes was steadily transformed into a dramatic, even a remarkable triumph, the crowd multiplied.

By the time the centre-right New Democracy leader, Vangelis Meimarakis, conceded defeat and Syriza and its leader, the outgoing premier Alexis Tsipras, seemed on course to win almost as many seats as it had nine months ago, the cheering, chanting, flagwaving and foot-stamping throng was in electoral ecstasy.

Via The Guardian

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza