Categorized | General Interest

Austerity Takes A Hit

Thank you, Greece voters.

Austerity a bit on the ropes:

Prime Minister Alexis Tsipras unveiled his new cabinet Tuesday, including an outspoken academic and harsh bailout critic as finance minister, in a signal that Greece’s coalition government will take a tough line in upcoming debt negotiations with international creditors.

Economist Yanis Varoufakis, who describes himself as a “libertarian Marxist,” had been recruited by Mr. Tsipras’ leftist Syriza party, which swept into first place in Greek elections on a wave of support from austerity-weary voters.

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