Economics

Tsipras Forges Anti-Austerity Coalition in Greece, Sets Collision Course With Euro Partners

Greece begins a new chapter

Greek Prime Minister Alexis Tsipras.

Photographer: Louisa Gouliamaki/AFP via Getty Images
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European finance ministers started work on reviving Greece’s troubled rescue program as new Prime Minister Alexis Tsipras took office promising to end austerity.

Finance chiefs from the 19-nation euro area signaled their willingness to do a deal with Tsipras -- so long as the new Greek prime minister drops his demand for a debt writedown. At a meeting in Brussels on Monday, ministers agreed quickly to work with the new government to help keep Greece in the euro, Dutch Finance Minister Jeroen Dijsselbloem said.