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Significance

Movement for Change is expected to evolve into a party by March 2018. A successful launch will be a major step towards consolidating Greek party politics, which has been fragmented since 2010 when the country embarked on the first of three economic assistance programmes with the EU-ECB-IMF ‘troika’.

Impacts

Traditional leftism is losing its appeal, after its failure to provide a viable alternative to austerity.

Tsipras’s volte faces and surrenders of political principle such as arms sales to Saudi Arabia are discrediting Syriza with voters.

Tsipras will try to capitalise on being in office when Greece exits its third bailout in August 2018.

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