The left-wing party Syriza won Sunday’s elections in Greece, fanning economic fears throughout Europe, as the party vows to scale back the austerity measures Greece agreed to in exchange for its $269 billion bailout from the EU and the IMF. There is also default risk for Greece’s $7 billion worth of bond payments due this summer. TheStreet’s Scott Gamm speaks with Diego Iscaro, senior principal economist at IHS to discuss the implications of the Syriza victory and whether any systemic risk stemming uncertainty in Greece will be overshadowed by the European Central Bank’s recent stimulus measures, which were largely well-received.
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