[reqres]

>> But I think their new government is doing a great job to improve their situation.

Syriza was voted in to end austerity at minimum. They are nowhere near achieving this promise. Furthermore, their brinkmanship within the EU has made this even more unlikely.

All that has changed since winning the election is a steep degradation for the prospects of the Greek economy on almost every metric. The economic recovery early this year was snuffed out. Tax revenues have declined. Cost of sovereign borrowing is up. Bank deposits are flowing out.

I feel sorry for Varoufakis. He seems like a very sensible economist. Unfortunately the extreme elements of Syriza are driving Greece out of the eurozone and into much bigger trouble.