A victorious left-wing Syriza is poised to form a coalition government with an unlikely ally: the right-wing Independent Greeks party.
However the country’s politicians, market experts and the head of the International Monetary Fund, have warned that any anti-austerity government would face immediate and pressing problems.
Global markets were jittery as investors digested news that anti-bailout Syriza won a general election in Greece on Sunday.
Syriza’s leader Alexis Tsipras was sworn in as prime minister on Monday. The announcement followed a statement from the right-wing – and also anti-austerity — Independent Greeks party that it had struck a deal to form a governing alliance with Syriza.
The Syriza leader has said he would try to renegotiate Greece’s debt agreements, focusing the attention of markets, euro zone leaders and not least of all, the troika of organizations overseeing Greece’s bailout – the European Commission, European Central Bank and international Monetary Fund (IMF).
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