Anti-bailout Syriza triumphs in Greek elections to reignite euro crisis fears

clock

Left-wing anti-austerity party Syriza has secured a commanding election victory in Greece overnight, setting the scene for a stand-off between the country and its creditors.

With almost 99.8% of votes counted, Alexis Tsipras’ party had accrued 36.3% of the vote, well ahead of ruling centre-right party New Democracy’s 27.8%, giving Syriza a projected 149 seats in the Greek parliament. The figure is two short of an overall majority, and many believe Tsipras - who wants to write off half the country's debt yet keep it in the euro - will moderate his demands once in power. However, initial reports suggest Syriza may form a coalition government with the hardline-eurosceptic ANEL (Independent Greeks) party, raising early concerns over the country’s future relat...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot