Sunday 25th January saw general elections in Greece, with SYRIZA – the left-wing party – winning 36% of the vote and 149 seats in parliament – just short of the 151 needed for a majority. SYRIZA’s victory marks an historic event, and is an important step in the process of radicalisation taking place in Greece and across Europe. All eyes will now be on what actions the SYRIZA leadership takes.

Desperate times call for desperate measures. After years of crisis and further months of prevaricating, quantitative easing will soon be implemented across the Eurozone. However, the contradictions that have prevented such a programme of QE in Europe up until now have not gone away, and the fault lines along which the Eurozone will crack are already apparent and clear.

This Sunday, on January 25th, Greece will vote in a general election. Syriza is likely to be the party voted to power. This poses a dilemma for the European capitalists and is seen as a serious threat to the plans of the rulers of Europe to solve the economic crisis by an all-out attack on the living standards of the working class.