European lenders may be more lenient with Greece during autumn talks to reduce the country’s debt burden, to avoid further endangering Samaras’s government, a European official familiar with Greek bailout talks told Reuters.
“The election’s outcome may soften lenders’ stance in the debt relief talks,” he added.
According to an article released by Bloomberg agency, the success of Syriza, which placed first in the elections, may help Prime Minister Antonis Samaras by heralding easier debt-repayment.

The same publication stressed that European Union leaders north and south of the economic divide are channeling an anti-austerity electoral backlash as they seek to push the case for an easing of fiscal policy throughout the Eurozone. Italian Prime Minister Matteo Renzi’s victory and French President Francois Hollande’s defeat in the European elections united them in seizing on the results to press for an overhaul of the EU’s German-backed budget-cutting model that has held sway since the debt crisis erupted more than four years ago.

As EU chiefs prepare to meet over dinner in Brussels today to discuss the way forward after the unprecedented surge of protest parties across the 28-nation bloc, the momentum for looser fiscal rules is building, Bloomberg reports, adding that with the euro-region’s fragile political stability at stake, political leaders stepped up their demands for more tolerance of public.

“We’re asking to change the rules or make them tailored closer to our expectations. We’re asking to change the approach that Europe has had in recent years,” Italian Prime Minister Matteo Renzi told reporters in Rome yesterday.