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Greece anti-bailout leader Tsipras made prime minister Greece anti-bailout leader Tsipras made prime minister
(37 minutes later)
The head of Greece's far-left Syriza party, Alexis Tsipras, has been sworn in as prime minister and is set to lead an anti-austerity coalition government.The head of Greece's far-left Syriza party, Alexis Tsipras, has been sworn in as prime minister and is set to lead an anti-austerity coalition government.
Turning up for the ceremony without a tie, the leftist took the oath less than 24 hours after winning the general election on an anti-austerity platform.Turning up for the ceremony without a tie, the leftist took the oath less than 24 hours after winning the general election on an anti-austerity platform.
Earlier, he formed a coalition with the centre-right Independent Greeks.Earlier, he formed a coalition with the centre-right Independent Greeks.
European Commission head Jean-Claude Juncker has reminded him of the need to "ensure fiscal responsibility".European Commission head Jean-Claude Juncker has reminded him of the need to "ensure fiscal responsibility".
Congratulating Mr Tsipras on his election win, Mr Juncker said in a tweet: "The European Commission stands ready to continue assisting Greece in achieving these goals." He also referred to "promoting sustainable jobs and growth".Congratulating Mr Tsipras on his election win, Mr Juncker said in a tweet: "The European Commission stands ready to continue assisting Greece in achieving these goals." He also referred to "promoting sustainable jobs and growth".
The BBC's full coverage of the reaction can be found here.The BBC's full coverage of the reaction can be found here.
The Syriza leader has vowed to renegotiate the bailouts, which are worth €240bn (£179bn; $268bn).The Syriza leader has vowed to renegotiate the bailouts, which are worth €240bn (£179bn; $268bn).
Eurozone finance ministers are meeting in Brussels to consider how to deal with the new government in Greece, which replaces the conservative-led coalition headed by Antonis Samaras.Eurozone finance ministers are meeting in Brussels to consider how to deal with the new government in Greece, which replaces the conservative-led coalition headed by Antonis Samaras.
The euro recovered from an 11-year low against the US dollar as investors digested what Syriza's victory meant for the eurozone's future. Europe's main share markets also rose - after initial falls - on hopes that a compromise over Greece's bailout terms might be found.The euro recovered from an 11-year low against the US dollar as investors digested what Syriza's victory meant for the eurozone's future. Europe's main share markets also rose - after initial falls - on hopes that a compromise over Greece's bailout terms might be found.
It is likely that investors believe reason will prevail, and Berlin will sanction a write-off of Greece's excessive debts, BBC economics editor Robert Peston reports.It is likely that investors believe reason will prevail, and Berlin will sanction a write-off of Greece's excessive debts, BBC economics editor Robert Peston reports.
Analysis: Mark Lowen, BBC News, AthensAnalysis: Mark Lowen, BBC News, Athens
What unites Greece's new coalition partners is fierce opposition to budget cuts. Alexis Tsipras and Independent Greeks leader Panos Kammenos are anti-bailout to the core, frequently hitting out at the architects of austerity in Berlin and Brussels and pledging a new economic path. But that is where their common ground ends. In other areas, the two are unlikely bedfellows.What unites Greece's new coalition partners is fierce opposition to budget cuts. Alexis Tsipras and Independent Greeks leader Panos Kammenos are anti-bailout to the core, frequently hitting out at the architects of austerity in Berlin and Brussels and pledging a new economic path. But that is where their common ground ends. In other areas, the two are unlikely bedfellows.
One is a socially liberal leftist, lambasting the "old faces" of Greek politics. The other is a hardline right-winger on issues such as immigration - and has been around in previous governments for some time. So why would Syriza join forces with Independent Greeks?One is a socially liberal leftist, lambasting the "old faces" of Greek politics. The other is a hardline right-winger on issues such as immigration - and has been around in previous governments for some time. So why would Syriza join forces with Independent Greeks?
Possibly because others refused - or were deemed too soft on the bailout. The River, a new, broadly centrist party which some expected to be the coalition partner, made clear it opposed Syriza's hard rhetoric towards Berlin.Possibly because others refused - or were deemed too soft on the bailout. The River, a new, broadly centrist party which some expected to be the coalition partner, made clear it opposed Syriza's hard rhetoric towards Berlin.
The problem for Mr Tsipras is that many of his own supporters revile Mr Kammenos's conservatism and will be frustrated by the choice. And disappointing his supporters, to whom he has pledged so much, is not something Greece's new prime minister wants to repeat.The problem for Mr Tsipras is that many of his own supporters revile Mr Kammenos's conservatism and will be frustrated by the choice. And disappointing his supporters, to whom he has pledged so much, is not something Greece's new prime minister wants to repeat.
European press reviewEuropean press review
A turning point for the EU?A turning point for the EU?
Tears of joy at Syriza partyTears of joy at Syriza party
What next?What next?
With all of the votes counted in Sunday's poll, Syriza has 149 seats, just two short of an absolute majority. The Greek Independents have 13 seats in the 300-seat parliament.With all of the votes counted in Sunday's poll, Syriza has 149 seats, just two short of an absolute majority. The Greek Independents have 13 seats in the 300-seat parliament.
Breaking with tradition at his swearing-in, Mr Tsipras also refused the customary blessing from Orthodox priests.Breaking with tradition at his swearing-in, Mr Tsipras also refused the customary blessing from Orthodox priests.
In his first act as prime minister, he laid flowers at a memorial to Greek Resistance fighters killed by Nazi Germany during World War 2.In his first act as prime minister, he laid flowers at a memorial to Greek Resistance fighters killed by Nazi Germany during World War 2.
It is expected that a new cabinet will be formed on Tuesday.It is expected that a new cabinet will be formed on Tuesday.
The man tipped to become the new Greek finance minister, Yanis Varoufakis, told the BBC the austerity regime had been "fiscal waterboarding policies that have turned Greece into a debt colony".The man tipped to become the new Greek finance minister, Yanis Varoufakis, told the BBC the austerity regime had been "fiscal waterboarding policies that have turned Greece into a debt colony".
The economy has shrunk drastically since the 2008 global financial crisis, and increasing unemployment has thrown many Greeks into poverty.The economy has shrunk drastically since the 2008 global financial crisis, and increasing unemployment has thrown many Greeks into poverty.
On Sunday, Mr Tsipras told jubilant supporters he wanted to write off half of Greece's debt, but was ready to negotiate "a viable solution" and wanted the country to stay in the eurozone.On Sunday, Mr Tsipras told jubilant supporters he wanted to write off half of Greece's debt, but was ready to negotiate "a viable solution" and wanted the country to stay in the eurozone.
The troika of lenders that bailed out Greece - the EU, the European Central Bank and the International Monetary Fund - imposed big budgetary cuts and restructuring in return for the bailout money. The troika of lenders that bailed out Greece - the EU, the European Central Bank and the International Monetary Fund - imposed big budgetary cuts and demanded reform in return for the bailout money.
Officials gathering in Brussels warned there was little support for a debt write-off. As finance ministers met in Brussels, Finnish Prime Minister Alexander Stubb warned his country had no intention of writing off Greece's debts but suggested the loan repayment period could be extended.
"The most important thing is that if you remain in the eurozone you stick to the rules we have," said Jeroen Dijsselbloem, the chairman of the Eurogroup (group of eurozone finance ministers). "The starting principle is that we will not extend any debt forgiveness but we are ready to discuss programme extensions and loan period extensions," he said.
He added that the possibility of a further extension of the bailout - which runs out at the end of February - was on the agenda. Finland, which faces a general election in April, has a reputation for taking a hawkish line on the bailouts.
Italy's EU Affairs Minister Sandro Gozi sounded a more positive note, speaking of "new opportunities to pursue change in Europe to create growth and investment and fight against unemployment".
New Greek coalition - allies and dates to watchNew Greek coalition - allies and dates to watch
Who are Syriza?Who are Syriza?
Who's who in Greek politicsWho's who in Greek politics
Are you in Greece? What difference will the election result make? You can share your experiences by emailing haveyoursay@bbc.co.uk. If you would be happy to speak further to a BBC journalist, please include a contact telephone number.Are you in Greece? What difference will the election result make? You can share your experiences by emailing haveyoursay@bbc.co.uk. If you would be happy to speak further to a BBC journalist, please include a contact telephone number.
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