New York Times on Tsipras’ debt restructuring announcements

The analysts fear a new crisis wave

New York Times expresses the fears of many private investors that Greek elections could lead to the formation of a radical government, and bankruptcy.

 

The article states that SYRIZA president Alexis Tsipras’ statements on restructuring the Greek debt were a shock to investors, who last year, thronged to buy Greek government bonds and Greek banks shares, betting that the country would recover from a 5 year recession which eliminated a fourth of the country’s GDP.

 

The author notes that the investors’ concern is based on the fact that Mr. Tsipras, challenging Europe on these issues, will force Greece into bankruptcy and perhaps a disorderly exit from the euro, which would lead to a new wave of crisis placed on investors.