Video Icon
VIDEO

Europe rocked by Greek revolt against austerity

Greece sent shockwaves across Europe last night as a radical left-wing party that has promised to end austerity and refuse to take orders from Berlin and Brussels triumphed in the country’s election.

Syriza, founded by former communists and led by the firebrand Alexis Tsipras, is the first of a new wave of anti-cutback parties on the Continent to take power since the financial crisis.

Its victory threatens to boost similar parties in Spain and elsewhere in Europe, rattling financial markets and threatening the economic viability of Greece and its membership of the euro.

David Cameron tweeted: “The Greek election will increase economic uncertainty across Europe. That’s why the UK must stick to our plan, delivering security at home.”

Syriza wants to renegotiate the terms of