Can Greece’s Anti-Austerity Gamble Work?


After a historic election, Greece’s Prime Minister Alexis Tsipras promised to roll back austerity measures imposed by its European partners. But will this anti-austerity gamble work?

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German Economy Minister Says Greece Should Not Burden Europe With Its Internal Political Debates
“The German economy minister has said that Greece must respect the terms of its international bailout, and that the “troika” of international lenders was not to blame for economic inequality in the country.”

Alexis Tsipras begins rolling back Greek austerity policies
“In a dramatic start to his tenure in office, Greece’s new prime minister, Alexis Tsipras, has begun unpicking the deeply unpopular austerity policies underpinning the debt-stricken country’s bailout programme.”

Greek Bank Bonds Tumble After ECB Restricts Funding Windown
“Bonds of Greek banks tumbled after the European Central Bank said it would restrict their access to funding, raising financing costs and limiting the availability of liquidity.”

European Central Bank throws Greece lifeline before eurozone talks
“The European Central Bank has thrown Greece a lifeline to prevent Athens running out of money before crunch talks with European leaders.”

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