Greece’s previous government had been overhauling the economy to satisfy conditions of the bailouts. Austerity and reforms were supposed to return the Greek economy to growth and ensure it could pay its debts.
Syriza has promised to reverse austerity measures such as tax hikes and government spending cuts. The party’s electoral victory was fueled by widespread anger over policies that critics felt prioritized payments to creditors over an economic rebound in Greece.
–
Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
