No, the other party (Syriza, radical leftists) was the one that would have been bad news. They wanted to keep on spending like lunatics, although I never figured out where they thought the money would come from, and they are the ones who have been out tearing up the town.
The ND party is conservative, and the bailout in question will be accompanied by severe government spending restrictions.
No, the Syriza party thinks they can bluff the rest of the EU into letting them off the hook and stay in the Euro. In reality they would have been tossed out of the Euro. That would force the Greeks to go back to the Drachma, which would allow them to devalue and regain a measure of competiveness for their economy. Until that happens all the austerity in the world is not going to help. All they are looking at is a decade or more of economic misery.
No, the Syriza party thinks they can bluff the rest of the EU into letting them off the hook and stay in the Euro. In reality they would have been tossed out of the Euro. That would force the Greeks to go back to the Drachma, which would allow them to devalue and regain a measure of competiveness for their economy. Until that happens all the austerity in the world is not going to help. All they are looking at is a decade or more of economic misery.
No, the Syriza party thinks they can bluff the rest of the EU into letting them off the hook and stay in the Euro. In reality they would have been tossed out of the Euro. That would force the Greeks to go back to the Drachma, which would allow them to devalue and regain a measure of competiveness for their economy. Until that happens all the austerity in the world is not going to help. All they are looking at is a decade or more of economic misery.