Coalition talks in Greece have broken down and are not likely to be re-started. This means new elections is almost inevitable. This will delay the ability of the EU and IMF to know what the future of austerity in Greece will be and, perhaps its future as an EU member.
Alexis Tsipras leader of political party Syriza has refused to join with other parties. His position with voters becomes more powerful by the day. Tsipras says he plans to walk away from government cost cut plans imposed by the EU. For Greeks who are out of work or have lost part of their wages, his appeal is obvious. Whether he can wreck the financial status of Greece with capital market investors is another matter.
Douglas A. McIntyre
