NEW YORK TIMES: Greece rejected the punishing economics of austerity on Sunday and sent a warning signal to the rest of Europe as the left-wing Syriza party won a decisive victory in national elections, positioning its tough-talking leader, Alexis Tsipras, to become the next prime minister.
With 60 percent of the vote counted, Syriza had 36 percent, almost eight points ahead of the governing center-right New Democracy Party of Prime Minister Antonis Samaras, who had conceded defeat. The only uncertainty was whether Syriza would muster an outright parliamentary majority or if it would have to form a coalition…
In setting up a showdown in coming weeks with Germany and the country’s other creditors, Mr. Tsipras has argued that easing the bailout terms would allow more government spending, stimulating more economic growth and employment as well as helping the Greeks who need it the most… (more)
