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Even before yesterday's election win of the Greek left, when it became obvious that the incumbent prime minister Antonis Samaras (Nea Dimokratia) would not be reelected, the consequences of a government led by Alexis Tsipras (Syriza) were speculated in politics and the media. The predictions swung from sinking to salvation. Both of them share the expectation of a change in the financial and economical course that currently forces Greece and its southern European neighbours to make savings, a policy which is also known under the term of austerity. The Scottish economist Prof Dr Mark Blyth recently wrote a controversial book on austerity politics which he considers as a failure. We asked him our questions.
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