Greece Votes In The Far Left

Daily Mail: Greek election leaves Eurozone in crisis: Far Left sweeps to victory with vow to end austerity years as EU braces for 'catastrophe'



* Syriza soars ahead of ruling New Democracy with predicted 149 seats - just short of 151 it needs to rule outright

* PM Antonis Samaras conceded defeat after warning of 'catastrophe', adding: 'The Greek people have spoken'

* Syriza's leader, aged just 40, promised to 'restore the country's lost dignity' and 'clash with old establishments'

* Euro hit 11-year low hours after the result, which also put Nazi-influenced far right party Golden Dawn in third place



WNU Editor: Cannot say that I am surprised. Syriza leader Alexis Tsipras election message was very clear .... to a country that has been devastated by economic mismanagement he vowed that Greece would not respect its agreements on paying down its debts while promising an end to austerity and .... implying a return to better times. What is my prediction .... he is going to fail. Greece is broke .... and half the country is unemployed or under-employed. Credit markets are all but dried up .... and what is being given is done with strings attached. The entrepreneurial class has all but been destroyed by high taxes, regulation, and corruption .... and I do not expect better times for this group with a former Communist now dictating policy. But Greece's actions will have repercussions .... failure to respect its agreements will result in Greece being kicked out of the EU and barred from credit markets. The impact on the EU/IMF/World Bank?and international lenders will be profound .... they are facing a $300 billion hit .... and this in turn will impact those countries and institutions that lent the money in the first place. Expect these institutions to start running around for a bailout and/or emergency funds soon. As for Greece itself .... they are going to be facing some very hard times ahead. Countries that get frozen out of international credit markets end up suffering greatly .... and for a very long period of time. And for Greece .... that long times is going to be decade or two.

More News On Today's Elections In Greece

Tsipras declares end to 'vicious cycle of austerity' after Syriza wins Greek election – live updates -- The Guardian

Tsipras pledges end to ‘vicious cycle of austerity’ at victory speech in Greece -- Euronews

Greece election: Anti-austerity Syriza leader Tsipras vows to end 'pain' -- BBC

Tsipras moves to form anti-austerity Greek government after crushing victory -- Reuters

Anti-Austerity Party Wins Greek Election -- VOA

Greece’s anti-austerity Syriza party officially wins parliamentary elections -- RT

Greek radical left wins election, threatening market turmoil -- Al Jazeera

Samaras: "my conscience is clear" says defeated Greek PM -- Euronews

Greece elections: Syriza and EU on collision course after election win for left-wing party -- The Independent

Euro Slides to 11-Year Low After Greece’s Anti-Austerity Party Wins -- Sputnik

How Europe reacted to Syriza's win -- The Telegraph

Euro, stocks slip as Greece set to reject austerity -- Reuters

Syriza Win in Greek Vote Sets Up New Europe Clash -- WSJ

Syriza victory: Turning point for EU? -- Chris Morris, BBC