What does the sudden appreciation of the Swiss franc mean for the Eurozone? Will Russia's financial distress spill over to its neighbors? How those questions are answered will affect some of the world's richest countries -- the likes of France, Germany, and Italy. Usually ignored, it will also affect some of the poorest.
The new era of Greece in the European Union will have to bring equality, stability and fairness in its relationship with its partners. The country has spent far too much capital to remain inside the Eurozone and owes it to itself, and its citizens, to conclude a program that will provide an appropriate balance of budgetary stability and development.
The new Greek government needs support in establishing pro-growth policies which create jobs, expand their economy and enable them to pay down their debts. Demanding that creditors are paid before any of that is allowed to happen may come at a very heavy price for more than just the people of Greece.
Given all current complex problems characterizing the European landscape, Greece must abandon many myths and stereotypes, accept that the country itself is the source of many significant problems and that it should mobilize its own internal forces. Europe on the other hand should also admit to its mistakes.
On Wednesday the European Central Bank announced it would no longer accept Greek government bonds and government-guaranteed debt as collateral. But Syriza's leadership are playing it smart. They responded to the ECB's assault without animosity or denunciations. They want the world to know who is the aggressor here and who is being reasonable.
ATHENS -- The strong mandate he got from the polls, has put a burden on Mr. Tsipras to fulfill the great expectations he produced. If he succeeds, the Spanish Podemos, the French Front National and Italy's Bepe Grillo could all follow suit and question Berlin's fiscal orthodoxy. The much feared domino effect set off by Greece at the outset of euro crisis in 2010 could now materialize in another way.