What Tsipras’s Victory Means for Greece and the EU

It seems clear that the leftist Syriza party will be in control of Greek policy going forward. As a consequence of that, other questions now loom large for Greece. Syriza ran on a single issue: reversing Greece’s reforms, which had been the quid pro quo for the assistance Greece has received from the IMF, EC and ECB (known collectively as the “troika”) over the past several years. It is hard to see how Mr. Tsipras could change course dramatically and say that he is planning to honor Greece’s promises to the troika. Attention will now shift to the response of the troika to Syriza’s victory and its policy reversal.