Greece is quickly turning into a nightmare for Europe. Syriza, the radical left-wing political party which won the Greek parliamentary elections over the weekend, surprised the EU by challenging economic reforms as well as the sanctions imposed on Russia. Berlin and its European partners insist on reforms as a condition for receiving more aid that Athens desperately needs by next month to service its debt. The new Greek finance minister, radical academic Yanis Varoufakis, once likened German austerity policies to “fiscal waterboarding.” And this week Greece halted two big privatizations without consulting EU officials and pledged to raise pensions and …read more
Source: Business Insider
