Analysis: The Troika-Greece Deal

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When the left-wing Syriza party emerged as a surprise winner in Greek elections, it looked for a moment that things might work out differently. Here was the triumphant return of the Left at the highest levels of European politics, a new breed of casualwear politician who could funnel the rage that had been simmering for the past five years and unleash it back at Brussels. European stocks took a dip and the blood pressure of financiers across the continent shot up. But when it came down to crunch time, the Tsipras government did exactly what it said it refused to do and took a four-month extension of the current bailout terms until June.

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