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GREECE
THE STORY
Yesterday, Greece’s PM Alexis Tsipras and his party won an election. Again.
BACK UP.
In case you missed it, Greece has been going through an epic financial meltdown. In 2010, international creditors agreed to bail out Greece in exchange for austerity measures like tax hikes. Since then, Greeks have been living that austerity life. Problem is, Greeks hate austerity. That’s why Tsipras and his party were elected earlier this year on the promise of getting rid of the measures. But after a lot of back-and-forth with creditors, Tsipras gave in and accepted a new bailout over the summer. With a lot of austerity attached. Surprise: this made some lawmakers in his anti-austerity party less than thrilled.
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