After Historic Victory, Greece’s Leftist Syriza Party Begins Mandate Against “Vicious” Austerity

After a historic victory in Greece, the leftist Syriza party’s finance minister has begun a tour of Europe to push an anti-austerity message. The former economist Yanis Varoufakis has promised “radical” change as his government seeks to renegotiate Greece’s huge debt obligations and to roll back key parts of its international bailout. Greek Prime Minister Alexis Tsipras says he is confident that Greece can reach a deal with creditors. We air an excerpt of our 2012 interview with Varoufakis and speak with Costas Panayotakis, a professor of sociology at CUNY and author of “Remaking Scarcity: From Capitalist Inefficiency to Economic Democracy.” Panayotakis lays out the Syriza party’s historic rise to power and the challenges it faces in trying to restructure Greece’s economy.

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