Greece elections: Who are Syriza and what effect will their new government have on Europe?

Greece has a new government today as election victors Syriza thrash out a coalition deal with the right-wing Independent Greeks.

Who are Syriza?

A Greek political party formed in 2004 as a coalition of radical left-wing groups, ranging from Greens to former Communists. Syriza’s popularity exploded after the collapse of Greece’s economy in 2010 and onerous terms were attached to the country’s bailout by the “Troika” of the European Union, the European Central Bank and the International Monetary Fund. The party, which is led by 40 year-old Alexis Tsipras, came very close to taking power in 2012’s general election. And now, three years on, it has succeeded. Syriza become the biggest party in the Greek parliament and will form a governing coalition with the right-wing Independent Greeks party.