What’s Next for Greece?

With the Syriza party’s decisive victory in Greece’s snap elections on Sunday, Alexis Tsipras won his second term as prime minister less than a year after he first took office. Eleni Panagiotarea, research fellow at the Athens-based ELIAMEP think tank, says that while these results may restore a measure of political stability, they will do little to alter the country’s dire economic straits or the terms of the third bailout agreement. Complicating the country’s fragile fiscal situation is the escalating migrant crisis unfurling on Greece’s shores. “Greece does not need to battle a full-blown refugee crisis, while fighting a lost war—which is what the third bailout program will amount to if Greece’s creditors don’t do their part [to ensure debt sustainability],” she says.