# In an op-ed, Prof. Nicholas Economides outlines the Syriza party's limited options for reviving Greece's economy

1 Faculty News February 5, 2015 ![Fortune logo](/sites/default/files/styles/246w/public/assets/images/con_031172.jpg?itok=61CxYB-R)>

Excerpt from [Fortune](http://fortune.com/2015/02/05/why-greeces-syriza-party-will-bow-down-to-market-pressures/) -- "Given that there are few, if any options left, it is time for a new 'kolotoumba.' We’ll likely see Syriza soften its leftist position in the coming months, as the first sign happened this week when Varoufakis abandoned the pre-election promise to erase a chunk of Greece’s public debt. Instead, he promised that the country would pay down its entire debt under new terms. It’s also likely that Greece will drag things out for a few more months, possibly reverting back to its previous rescue package so that Greek banks have enough money to stay afloat."

[Read more](http://fortune.com/2015/02/05/why-greeces-syriza-party-will-bow-down-to-market-pressures/)