Greek Elections Just Beginning of Likely Hard Path Forward

The left-leaning political party likely to take control in Greece after Saturday's national elections is campaigning on a promise to renegotiate the terms of the country's bailout program.
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The left-leaning political party likely to take control in Greece after Saturday's national elections is campaigning on a promise to renegotiate the terms of the country's bailout program but analysts believe any Syriza-led coalition will ultimately be forced to follow the majority of the bailout plan. Eurasia Group's Mujtaba Rahman said, 'The appetite to renegotiate the international bailout plan is very limited. Germany, Finland, the IMF and the ECB think the reforms are in Greece's best interest.' Rahman says Syriza's Alexis Tsipras will, at the end of the day, be forced to make good on '90 to 95 percent' of what the previous administration agreed to. Beyond renegotiating the bailout package, longer-term Rahman says there is a funding gap that Greece will have to figure out or risk ECB cuts to Greek bank lending. TheStreet's Ruben Ramirez reports from New York.