Leftist leader Alexis Tsipras takes office as Greece's prime minister

January 27, 2015 5:03 AM

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Alexis Tsipras, leader of the far-left Syriza party, was sworn in Monday as Greek prime minister, setting the stage for a showdown with creditors over painful budget cuts and tax increases that could have potential ripple effects across the European Union.

Tsipras has vowed to renegotiate the austerity measures demanded by European leaders in exchange for a $270-billion lifeline that has kept Greece’s economy afloat since 2010. His party’s sweep to power is being closely watched across the region, where frustration is building among voters over polici...

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