The game of chicken between Greece and its international creditors is intensifying as the current loan package is set to expire at the end of the month.
Greece's economic pain propelled its new left-wing prime minister to power, and early signs are he'll push Angela Merkel and the rest of Europe hard on debt forgiveness and a curtailment of the country's austerity program.
The Jan. 25 Greek election results may be about ending fiscal austerity and heavy debt burdens. But any relief needs to be coupled with a boost for Greek abilities to be better entrepreneurs – and be competitive enough to pay off debts.
The left-wing party's anti-austerity platform has resonated widely across Greece. But European creditors, especially Germany, remain wary of its implications as they head into a new round of negotiations over the country's bailout.