Sunday, January 25/2015

Greek election the big event of the day, and by bedtime we have presumably reliable results. Tsipras and the Syriza win big. Just short of a majority with 149/300 seats, but in Europe's patchwork coalitions pretty impressive. Ran on an anti-austerity platform that was highly popular. No doubt that Greece had been doing many things wrong and no doubt also that the most vulnerable paid the highest price. But how much debt relief would be possible, even if the creditors were so inclined, with Spain and Italy looking on and Ireland huffing indignantly. Will be interesting.