Greece suffered three distinct economic recessions in the turmoil of the Global Financial Crisiswith private markets becoming inaccessible as a lending source since May 2010, leaving the state to choose between conditional bailout funding from the Troika (Eurogroup, IMF, and ECB) or a sovereign default along with being forced to leave the eurozone.
Legislative elections were held in Greece on Sunday 25 January 2015 to elect all 300 members to the Hellenic Parliament in accordance with the constitution.
Syriza won a legislative election for the first time, winning 36% of votes and 149 seats, just two short of an absolute majority.
Syriza was in a clear position to lead a new government, winning close to a majority thanks to the majority bonus system. Though they had been expected to seek an agreement with Potami,Syriza instead formed a coalition with the right-wing, anti-austerity ANEL on September 26.Syriza leader Alexis Tsipras subsequently became Prime Minister.