On the campaign trail, Tsipras said he would cut taxes and force Germany and other creditors back to the bargaining table to renegotiate the terms of the bailout package. He said restructuring the debt would allow the Greek government to increase spending and boost the economy.
European leaders oppose this plan, and still maintain tremendous leverage over Greece. Athens needs an infusion of cash to make an upcoming bond payment, and the country’s banks need access to cheap financing from Europe’s central bank.
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