Tuesday, December 16, 2014

Greece's radical left prepares for power

With many Greeks exhausted by five years of recession, tax hikes and record unemployment rates, Syriza and its firebrand leader Alexis Tsipras are tipped to win the early elections that must be called, according to the Greek constitution, if parliament fails to elect a new head of state by 29 December. "After decades on the defensive, the left is staging a comeback. Not just in Greece, but in Europe and Latin America as well," said Mr Samanidis, a top official of Syriza in the country's second city. Alluring as it may prove to Greek voters, the prospect of a leftist party coming to power in Europe's most indebted country is rattling the markets and European capitals. Greek Prime Minister Antonis Samaras has warned parliamentarians that if they fail to elect a new president, Greece could risk a disastrous exit from the eurozone.  continue

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