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prelims Test Series 2019
अंग्रेज़ी सीखने का अवसर (कक्षा प्रारंभ : 5 अक्तूबर, शाम 6 से 8)
New Leftist Government in Greece
Jan 29, 2015

The head of Greece's far-left Syriza party, Alexis Tsipras, has been sworn in as prime minister and is set to lead an anti-austerity coalition government.

  • The 40-year-old Alexis Tsipras broke with tradition and took a secular oath rather than the Greek Orthodox religious ceremony with which prime ministers are usually sworn in.

  • The combination of Syriza's 149 MPs and the Independent Greeks' group of 13 will give the Government a slim majority of 162 seats out of 300.

  • Syriza, an acronym for Coalition of the Radical Left, took 36.3 percent, two seats short of an absolute majority.

  • The decisive victory of Syriza party reignites fears of new financial troubles in the country that set off the regional crisis in 2009.

  • It is also the first time a member of the 19-nation Eurozone will be led by parties rejecting German-backed austerity.

  • Soon after victory Tsipras sealed a coalition deal with the small Independent Greeks party which also opposes Greece’s EU/IMF aid programme.

  • The alliance is an unusual one between parties on the opposite end of the political spectrum brought together by a mutual hatred of the 240-billion-euro bailout programme keeping Greece afloat at the price of budget cuts.

  • The Syriza party first came to prominence following the 2008 Greek riots.

  • The Syriza party promises an end to Greece's painful austerity measures and wants to renegotiate its debt.

  • Europe showed willingness to give Greece more time to pay back its debts, but little sign that it would yield to a new Greek government’s demands of debt forgiveness.

  • European Union leaders and policymakers responded to Greek anti-bailout party Syriza’s election victory with warnings that a debt restructuring for Greece would send the wrong message to other Eurozone members.

  • Eurozone finance ministers gathered in Brussels to consider how to deal with Greece after the change of government, especially given that the existing Greek bailout programme expires on February 28.

  • Britain (not a member of the Eurozone) said the result of the Greek election would increase economic uncertainty across Europe.

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