Portside

The Greek election was a warning that, while wealth and political power may be related, they are not the same thing: Governments can be overturned. Europe needs answers. The Greek crisis is a crisis of the entire EU. To one extent or other, every country - even Germany, the EU's engine - is characterized by falling or anemic wage growth, increasing economic inequality, spreading deflation, and an overall decline in living standards.

Greece needs a viable exit option, both because it may actually want to go this route and also because it needs greater bargaining power with the troika.

Voters reject EU austerity for radical alternative of far-left party. Upstarts fall two seats short of an overall majority. ‘Greece has turned a page,’ says 40-year-old leader Alexis Tsipras.