Syriza wins Greek Elections

It seems that Syriza has won government in Greece and will form a coalition with the right-wing (!) “Independent Greeks” party:

Ben Chu, “Greece elections: Who are Syriza and what effect will their new government have on Europe?,” Independent, Monday 26 January 2015.

The million dollar question is: will they eventually leave the Eurozone and what effect will that have on other EU nations where there are political parties gaining popularity that want to leave the EU too?

Bill Mitchell has some sobering analysis here, and concludes that Syriza’s stated intention of staying within the EU is by no means radical and that its policy platform is deeply inconsistent.

Yanis Varoufakis on Syriza and the Greek Election

Yanis Varoufakis is interviewed below on his running in the coming Greek election for Syriza and the economic situation in Greece and the Euozone.

The general legislative election in Greece will be held on 25 January 2015, and all eyes in Europe should be on this election, for it may well have profound consequences for the future of the Eurozone.

But the mind simply boggles that Syriza says it is absolutely committed to remaining in the Eurozone. Perhaps they should take some advice from Bill Mitchell here, here, and here.