The implications of Syriza’s victory

The Syriza victory is unlikely to lead to a Greek exit from the euro, at least for the time being. European policy-makers and Greeks alike might regret Greece’s entry into the common currency in 2001. But divorce would be costly for both sides, and eurozone policy-makers now have too much experience to allow it to happen by mistake. However, this does not mean that the current situation is without risk. The middle ground between the Greek and eurozone positions is small and there is a possibility that the eurozone will not offer enough to satisfy Syriza.

• Primary Source

ESO: Background information: The Greek debt crisis: Key sources http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/

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