Der Spiegel: There is still a Grexit danger and Tsipras is not the one to blame for

Spiegel magazine notes that the danger of Greece exiting euro zone still exists after SYRIZA’s win in Sunday’s election, but it’s not Alexis Tsipras who should take full responsibility for that.

The likelihood  of a Grexit increased after the elections, according to the German magazine noting that it depends on factors that cannot be handled by the government.

The real danger will not come from whether Tsipras refuse to implement some of the reforms, but from the economic concept of financial adjustment itself.

The economic situation in Greece has gotten worse since July and Greece will not be able to fulfill the program’s objectives because these just cannot be fulfilled, Spiegel mentions.

Since Grexit danger has not passed, perhaps the Greek Government would accept the concept of an austerity program extending the recession period by three, four or five years.

The other alternative, though, is that Greece’s creditors would give Greece more money, although this scenario seems less likely, Spiegel explains.