Greece new elected government led by Syriza party, which came to existence post European debt crisis of 2011/12, as of Friday failed to rescue any deal with European creditors that would secure Greece's position in Euro zone.
- Some of small Euro zone countries such as Slovenia has proposed formation of Plan B, should Greece choose to default on some of its commitments.
- German finance minister Wolfgag Schäuble on Saturday has not completely ruled out such possibilities.
Greek people -
- One of Syriza party's top argument has remained that austerity has created humanitarian crisis in Greece and changes so far has failed to boost economic activities so far. Syriza has also announced fiscal stimulus to provide relief to people through rent, electricity, food coupons etc.
People's support of Syriza government has remained strength so far for the ruling government.
However recent poll suggests, Greek people love and affinity seems to be larger than current government.
- According to poll result approval ratings of negotiating tactics employed by Syriza, has fallen from 72% to 45% among Greek people and rating has worsened since the situation turned for worse where Grexit has become a possibility.
Syriza's waning support would prompt Greek policymakers to move on back foot, with European creditors keeping their position intact. Greek affinity of Euro indicates there could be no Grexit, should there be referendum.


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