In the run-up to the Greek election, European figures were adamant that there wasn’t as much to worry about as people thought. They argued that Syriza wouldn’t come close to winning a majority and that it would have to do a coalition deal with Potami who would end up moderating its demands. This complacency was misplaced. Syriza came within a whisker of a majority and then formed a coalition with right wing nationalists, the Greek Independents, who agree with Syriza on very little other than the need to end EU-imposed austerity.
Politically, it is very hard to see how the Greek situation can be resolved. Syriza’s entire rationale as a political movement is to renegotiate the terms of the Greek bailout. But northern European politicians, led by Angela Merkel, fear that any concessions to Athens would both boost other anti-austerity parties in southern Europe such as Podemos in Spain and boost parties of the radical right in their own backyard.
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