Financial Times
September 16, 2015
Greeks go to the polls on Sunday to vote in the country’s fifth parliamentary election in six years after last month’s collapse of its Syriza-led government.
Left-wing Syriza, led by Alexis Tsipras, and the centre-right New Democracy are neck-and-neck in the polls with about 26 per cent of the vote each, according to forecasts, well ahead of other rivals.
Wait, Greece is back in the news? I thought that problem was fixed?
Think again. Greece averted bankruptcy and a possible exit from the eurozone by agreeing to an €86bn bailout package from the EU and other creditors. However, the crucial financial injection came at a cost: a tough and intrusive reform programme that heaps further austerity on a country whose economy has shrunk by a quarter since 2010 and where almost a third of the population now live below the poverty line.
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