Anti-austerity party of Syriza has won the elections.It is possible that the radical party can have absolute majority. The people of Greece has spoken and outgoing Prime Minister Antonis Samaras admitted his defeat.
As the left-wing party stated, their primary goal will be to negotiate the terms of the bailout debts that started during 2010. Greek’s European partners, on the other hand said that Greece will have to respect these terms, however there is some room for flexibility and negotiations.
According to British Prime Minister David Cameron, the outcome of the elections is going to “increase economic uncertainty across Europe”. However returning the drachma is not on Syriza’s agenda. Euro opened with a gap and reached an 11 year low at $1.1098 against the US dollar.
Image Sources: bbc.com, cfr.org
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