The anti-austerity Syriza party has won widespread support in Greek elections as the European Union threatens that Greece must “bow to austerity or go bust,” The Telegraph newspaper is reporting. The left leaning Syriza party made a wide range of promises in its political campaign, many of which are diametrically opposed to one another. At primary issue is a promise from Syriza leader Alexis Tsipras to remain a part of the euro currency and stop payments on crippling government debt at the same time. Tsipras had promised increased government spending until the economy is stronger, funded by cuts in payments to…
Syriza Party Wins In Greece As Analogies Drawn To Argentina
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.