This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.theguardian.com/business/live/2015/sep/21/greek-elections-tsipras-sworn-in-pm-bailout-live
The article has changed 23 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Greek elections: Tsipras to be sworn in as PM again - live updates | Greek elections: Tsipras to be sworn in as PM again - live updates |
| (35 minutes later) | |
| 8.37am BST08:37 | |
| Tsipras’s success hasn’t had much impact on the euro, which is trading flat against the US dollar at $1.1313. | |
| Simon Smith, chief economist at the currency trader FxPro, explains | |
| “In the wider picture, it’s not going to make life any easier for the likes of the EU, IMF and European Central Bank and the negotiations surrounding debt sustainability over the coming months.” | |
| 8.28am BST08:28 | |
| Here’s the result, with just a few tens of thousands of votes still to be counted. | |
| 8.19am BST08:19 | |
| Several eurozone politicians have already congratulated Tsipras on his victory, including French president Francois Hollande and eurogroup chief Jeroen Dijsselbloem. | |
| But they may also be concerned that the new Greek government’s majority actually be narrower than the old one. | |
| Robin Bew of the Economist Intelligence Unit predicts more instability. | |
| Syriza biggest party in #Greece election, as our team predicted. But coalition with Anel only just over line. Unstable Gov again | |
| But there’s a big difference this time -- Syriza has shed its most radical element, the Left Platform. They split off to form Popular Unity, but have failed to win enough votes to get into parliament. | |
| 8.07am BST08:07 | 8.07am BST08:07 |
| We should remembered that turnout at yesterday’s election hit a record low: | We should remembered that turnout at yesterday’s election hit a record low: |
| Tsipras's personal vindication tempered by fact turnout was just 56.5% & SYRIZA lost about 300k votes since Jan (more than ND) #Greece | Tsipras's personal vindication tempered by fact turnout was just 56.5% & SYRIZA lost about 300k votes since Jan (more than ND) #Greece |
| 8.02am BST08:02 | 8.02am BST08:02 |
| Tsipras’s new government will have to move quickly to overhaul the Greek economy. | Tsipras’s new government will have to move quickly to overhaul the Greek economy. |
| As my colleague Jon Henley explains, the first review of Greece new cash-for-reforms deal is subject to quarterly reviews, with the first due next month. | As my colleague Jon Henley explains, the first review of Greece new cash-for-reforms deal is subject to quarterly reviews, with the first due next month. |
| The new government’s first task – with a new €3bn tranche of aid at stake – will be to revise the 2015 budget to take into account major pension and income tax reforms. It must also finalise a procedure to recapitalise Greek banks by December and move fast to remove capital controls imposed earlier this summer to prevent a full-blown bank run. | The new government’s first task – with a new €3bn tranche of aid at stake – will be to revise the 2015 budget to take into account major pension and income tax reforms. It must also finalise a procedure to recapitalise Greek banks by December and move fast to remove capital controls imposed earlier this summer to prevent a full-blown bank run. |
| Here’s Jon’s latest dispatch from Athens: | Here’s Jon’s latest dispatch from Athens: |
| Related: Tsipras to form new Greek government after Syriza election triumph | Related: Tsipras to form new Greek government after Syriza election triumph |
| 7.50am BST07:50 | 7.50am BST07:50 |
| Introduction: The dust settles in Greece | Introduction: The dust settles in Greece |
| Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. | Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. |
| For most politicians, failing to deliver on your election promises, imposing crippling capital controls, and nearly leading your country out of the euro would have career-limiting consequences. | For most politicians, failing to deliver on your election promises, imposing crippling capital controls, and nearly leading your country out of the euro would have career-limiting consequences. |
| But not for Alexis Tsipras, one of the most remarkable and durable leaders to have graced European politics in recent years. | But not for Alexis Tsipras, one of the most remarkable and durable leaders to have graced European politics in recent years. |
| Sunday’s general election has seen Tsipras gallop back to power, defying prediction and the pollsters again. | Sunday’s general election has seen Tsipras gallop back to power, defying prediction and the pollsters again. |
| Related: Greek election live: Alexis Tsipras celebrates victory - as it happened | Related: Greek election live: Alexis Tsipras celebrates victory - as it happened |
| With 99% of the votes counted, Tsipras is guaranteed to have won 145 seats in the Greek parliament. | With 99% of the votes counted, Tsipras is guaranteed to have won 145 seats in the Greek parliament. |
| He’s set to form a second coalition with the Independent Greeks, who have got 10 seats, giving a majority of just 5 in the Greek parliament. | He’s set to form a second coalition with the Independent Greeks, who have got 10 seats, giving a majority of just 5 in the Greek parliament. |
| Alexis Tsipras to be sworn in as PM tonight, new cabinet to take oath tomorrow #greece | Alexis Tsipras to be sworn in as PM tonight, new cabinet to take oath tomorrow #greece |
| Last night’s celebrations were more muted than in January, given Greece has now signed up to a third bailout, laced with the sort of austerity Tsipras had once promised to consign to history. | Last night’s celebrations were more muted than in January, given Greece has now signed up to a third bailout, laced with the sort of austerity Tsipras had once promised to consign to history. |
| So now, the hard work starts -- the new PM must now implement the measures agreed with Greece’s creditors, from labour market reform to bank recapitalisation. | So now, the hard work starts -- the new PM must now implement the measures agreed with Greece’s creditors, from labour market reform to bank recapitalisation. |
| If you missed yesterday’s action, here’s our latest story: | If you missed yesterday’s action, here’s our latest story: |
| Greek general election: Syriza returns to power | Greek general election: Syriza returns to power |
| Syriza returns to power in Greek general election http://t.co/APkbs51sEJ @HelenaSmithGDN @graemewearden pic.twitter.com/rx9TRePStK | Syriza returns to power in Greek general election http://t.co/APkbs51sEJ @HelenaSmithGDN @graemewearden pic.twitter.com/rx9TRePStK |
| We’ll be tracking reaction to the Greek vote, and other key events through the day.... | We’ll be tracking reaction to the Greek vote, and other key events through the day.... |
| Updated at 7.51am BST | Updated at 7.51am BST |