The American newspaper Wall Street Journal made a detail report on Greece.

Greece Turns Triumph into Tragedy is the title of the article which continues by saying that six months ago Greece seemed past the worst, however the mood today is different.

According to the WSJ, listening to Syriza’s strategists, it is hard not to conclude that Mr. Tsipras would be the Hugo Chávez of the Balkans, his program modeled on that of the former Venezuelan leader.

Syriza has recently been trying to rebrand itself to investors in New York and London as a mainstream pro-European party. Yet Mr. Tsipras has opposed virtually every overhaul and budget cut, standing consistently on the side of vested interests, says the article and continues by saying that, by Tsipra refusing to cooperate with the government even on overhauls of the public administration and constitution that he accepts are urgently needed, Mr. Tsipras appears to embody all the worst aspects of the political culture he says he wants to change.

Foreign investors had snapped up Greece’s first government-bond issue since the start of the eurozone debt crisis and had poured fresh capital into the banking system.

Further the article reports the figures of the current market and the lost ground.

On the other hand, the article speaks of how Samaras from his side rushed to announce an exit from the Memorandum and operated without Troika’s agreement and how the Prime Minister must share some of the blame for the market’s loss of confidence.

The American newspaper also refers to the Troika, which is also responsible. According to the report the IMF in particular continues to extend its dismal record in Greece, following years of botched forecasts, misguided policies and unnecessary and damaging delays.

The IMF may be right that this may be a last chance to exert real pressure on Athens to respect overhaul commitments—that if, following the current review, Greece is allowed to switch from a bailout program to a precautionary credit line the troika will have less power to influence Greek decision-making. But other troika officials increasingly fear that the IMF’s intransigence risks deepening the political uncertainty in Greece.

As to if Greece can get back on track, the Wall Street Journal stresses that Athens is hopeful that if it secures a deal in the coming days that allows Greece to exit its program with a precautionary credit line early next year, it could yet gain the 180 parliamentary votes it needs to elect a new president and avoid early elections.

The article concludes by stating that “Such a deal inevitably would require a leap of faith from the troika. Mr. Samaras could certainly make that leap of faith easier by making credible commitments to use the political space he gains to reinvigorate his overhaul efforts rather than engage in further populist electioneering. If the troika fails to agree to a satisfactory deal with Mr. Samaras, it should brace itself for further political instability—followed by a far-less-satisfactory deal with Mr. Tsipras”.