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Will the Greek Election Ultimately Break the Euro?

By: Douglas J. Elliott


When Greece goes to the polls on January 25, the voters will choose between a continuation of current policies or a confrontation with their European funders. Current polls show the strongly left-wing Syriza party as the likely victor, which would lead to very difficult negotiations between Greece and the so-called “Troika” of the European Commission, the European Central Bank (ECB), and the International Monetary Fund (IMF). The Troika has directly or indirectly provided Greece with well over 100 billion euros of funding, in exchange for implementation of economic policies in Greece that the


http://www.brookings.edu/research/opinions/2015/01/15-greek-election-break-the-euro-elliott