|by Antonis Davanellos and Sotiris Martalis February 12, 2015|
Greece's left-wing government is on a collision course with the rulers of Europe over the commitment of the Coalition of the Radical Left, or SYRIZA, to reverse drastic austerity measures imposed under the Memorandums negotiated with the European Union (EU).
SYRIZA won a tremendous victory in the January 25 elections because it promised an alternative to the catastrophic economic and social crisis that Greece has endured for more than five years. But with the government of Prime Minister Alexis Tsipras only two weeks old, the political and financial elite of Europe, from Germany's Angela Merkel and Wolfgang Schäuble to Mario Draghi, head of the European Central Bank (ECB), have rejected all proposals to negotiate Greece's huge foreign debt or relax the austerity conditions imposed as a condition for the bailout of the country's economic system. With a showdown approaching, all eyes are on the struggle in Greece and the hope it hold for the future.