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Tsipras Wins and Sets Greece on a Collision Course With Euro Peers

Investors must now wait for Alexis Tsipras to spell out how he plans to negotiate Greece’s future financing needs.

Investors must now wait for Alexis Tsipras to spell out how he plans to negotiate Greece’s future financing needs.

Photographer: Matt Cardy/Getty Images
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Greek Prime Minister-elect Alexis Tsipras set up a confrontation with his European peers as he prepared to form a coalition dedicated to ending austerity, saying the era of bowing to international demands for budget cuts is over.

Tsipras issued the challenge to Greece’s euro-area partners after his Syriza party won a historic victory in Sunday’s elections by harnessing a public backlash against years of belt-tightening, job losses and hardship. Tsipras, who is two seats shy of an absolute majority in Greece’s 300-seat chamber according to the latest results from the Interior Ministry, said his priority “will be for Greece and its people to regain their lost dignity.”