It Isn't Clear What The Greeks Are Voting On
Two of Greece's major parties are committed to Europe's bailout deal and the austerity that comes with it. So what will the vote decide?By Steven Sparkman | September 17, 2015
Greeks are facing their third nationwide trip to the polls this year, and all three have primarily been about the same issue: the future of Greece's economy. Only this time, things are kind of backwards.
The country's former prime minister Alexis Tsipras is in a strange position. He came to power in January after promising to fight tooth and nail to get some economic relief. After five years of austerity brought on by Greece's creditors' demands, the country's unemployment rate had more than doubled, and wages were dropping. (Video via Syriza, Deutsche Welle)
Those creditors, including the EU and the European Central Bank, refused to budge, even after Greeks voted heavily against austerity in a referendum in July. In the end, with Greece running out of money and the only alternative being an exit from the euro, Tsipras accepted a new bailout package — along with more austerity. (Video via European Central Bank, ERT)