World: Greece Elects New Prime Minister

“We lost,” said Greece’s conservative party parliamentary spokesman and Health Minister, Makis Voridis, after an exit poll announced that Outgoing Prime Minister Antonis Samaras had lost Greece’s Sunday night election to 40 year old Alexis Tsipras. The election doesn’t only mean that the world will need to learn to pronounce another Greek name; Tsipras’s win comes with a number of changes for the fiscally challenged country.  A representative of the radical left, anti-austerity Syriza party, Tsipras has promised to renegotiate the country’s 240 billion-euro ($270 billion) international bailout deal, and seek forgiveness for most of Greece’s massive debt load. Additionally, he has pledged to work to reverse some of the reforms that creditors demanded (think cuts in pensions and the minimum wage) in exchange for keeping Greece financially afloat since 2010.  However, things aren’t 100% for Tsipras yet, if Syriza is unable to win the parliamentary 151 seats necessary to form a government on its own, it will have to seek support from other parties — either in a minority government or as a coalition.

Contributor: Phoebe Roe



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