Greece rejected the harsh economics of austerity on Sunday and sent a warning to the rest of Europe as the left-wing Syriza party won a decisive victory in national elections, positioning its tough-talking leader, Alexis Tsipras, to become the next prime minister.
With almost 98 percent of the vote counted, Syriza had 36 percent, almost nine points more than the governing center-right New Democracy party of Prime Minister Antonis Samaras, who conceded defeat. The only uncertainty was whether Syriza would muster a parliamentary majority on its own or have to form a coalition.
Appearing before a throng of supporters outside Athens University late Sunday, Mr. Tsipras, 40, declared that the era of austerity was over and promised to revive the economy. He also said his government would not allow Greece’s creditors to strangle the country.
Many analysts say Mr. Tsipras must moderate his campaign promises and take a more centrist approach if he wants to save the economy and keep Greece solvent. “That will be the best possible outcome for Greece and for Europe, because it would show that these protest movements ultimately recognize reality — which is that they are in the euro, and they have to play by the rules,” said Jacob Funk Kirkegaard, a senior fellow at the Peterson Institute for International Economics in Washington.
Otherwise, he warned, “things could get a lot worse.”
“Very, very quickly,” he added.