“The future has already begun.”

That’s what Alexis Tsipras, head of the leftwing Syriza Party in Greece, reportedly said on Monday after parliament failed in its third attempt to elect a new president and the scheduling of a popular general election was announced for next month.

Syriza, which is polling ahead of rival parties and boycotted the parliamentary elections in order to force a popular vote, has vowed to renegotiate regressive bailout conditions that the ruling government of Prime Minister Antonis Samaras agreed to with European creditors, including the so-called “Troika”—the European Central Bank, the International Monetary Fund, and the European Commission.

“With the will of our people, in a few days bailouts tied to austerity will be a thing of the past,” Tsipras said.

In an op-ed published on Sunday in the leftwing Avgi newspaper, Tsipras explained his party’s thinking in clear terms:

With rhetoric like that and Syriza’s victory in a popular election a very possible outcome, the financial markets in Europe are reportedly jittering about how an anti-austerity takeover of the Greek government will impact the Eurozone.

As Bloomberg reports:

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