Greek government formation, January

Parties in the newly elected Greek government formed by left-wing SYRIZA and right wing ANEL have agreed to firmly oppose the austerity measures regarding the country's imminent debt payments.

The coalition has reiterated its willingness to renegotiate the EUR 240 B Greek debt.

"Unrealistic to expect Greece to repay debt"

ATHENS -- It is "unrealistic to expect Greece to repay its huge debt in full," Euclid Tsakalotos, the chief economics spokesman for Syriza has told the BBC.

 Greece's new Prime Minister Alexis Tsipras is set to unveil his anti-austerity coalition government Tuesday, bringing together his radical left-wing party with the nationalist right, after a stunning election win that sent shockwaves through Europe.

The International Monetary Fund has said it is ready to extend its financial support for Greece.

"We stand ready to continue supporting Greece, and look forward to discussions with the new government," IMF chief Christine Lagarde said in a statement on Monday, according to The Financial Times.

The euro hit its lowest level against the US dollar in more than 11 years on Monday following the victory of radical left SYRIZA party in Greece's elections that has ignited fears the country might exit the eurozone.

Greece is to have an anti-austerity government, Panos Kammenos, Independent Greeks, has told reporters after coalition talks with SYRIZA's Alexis Tsipras in Athens.

Tsipras is due in the Presidency in Athens at 15:30 EET (13:30 GMT) on Monday and is tipped to become Greece's youngest ever Prime Minister at the age of 40.

Coalition talks have started between leftist SYRIZA leader Alexis Tsipras and the Independent Greeks right-wing party's Panos Kammenos.

Their meeting was scheduled for 10:30 EET, though Kammenos arrived a little earlier at the SYRIZA headquarters, the English-language website of Kathimerini reports.

Greece's anti-austerity Syriza party quickly formed a coalition government on Jan. 26 after its stunning election win that has set the heavily indebted country on a collision course with its creditors.
      
Syriza and its 40-year-old leader Alexis Tsipras took 149 seats in the 300-seat parliament in Sunday's election, heralding a new mood of anti-austerity defiance in Europe.

Greece awoke to a new era of defiant anti-austerity Jan. 26 after voters handed a decisive victory to radical left party Syriza, putting the country on a collision course with the EU and international creditors.
      

Leftist SYRIZA party, the winner in Greece's snap elections, and rightist, anti-austerity Independent Greeks could form a government as early as Monday, sources suggest.

A meeting between SYRIZA's leader Alexis Tsipras and counterpart from IG Panos Kamenos is scheduled for Monday morning, according to a political scientist who spoke to the Bulgarian National Television in Athens.