The Syriza party wins a major victory in Greece, forming an alliance with right-wing opponents to austerity (or, more specifically, to following the orders of Germany and the EU). I wish I had time to read much more about what’s happening in Europe, so I’ll just have to save it for summer beachside reading, post-dissertation.
Mr. Tsipras’s victory represented a rejection of the harsh economics of austerity. It also sent a warning to the rest of Europe, where continuing economic weakness has stirred a populist backlash, with more voters growing fed up with policies that have required sacrifices to meet the demands of creditors but that have failed to deliver more jobs and prosperity.
“The Greeks have the right to elect whoever they want; we have the right to no longer finance Greek debt,” Hans-Peter Friedrich, a senior member of Ms. Merkel’s conservative bloc, told the daily newspaper Bild on Monday. “The Greeks must now pay the consequences and cannot saddle German taxpayers with them.”
Read: AfterVictoryatGreekPolls, AlexisTsiprasIsSwornInandFormsCoalitionGovernment-NYTimes.com.