Alexis Tsipras waving to supporters
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Greek finance minister tells Newsnight: 'It is a great challenge'

The new Greek Prime Minister Alexis Tsipras has convened the first meeting of his cabinet of anti-austerity academics.

Financial markets are not taking well to the new government, with Greek government bond yields at near record levels - reflecting investors' concerns about short-term risks of a debt restructuring over the coming months.

Mr Tsipras has offered reassurance, promising that the country will not default on its debts.

The BBC's Chris Morris reports for Newsnight from Athens on the juggling act he will have to perform - balancing anti-austerity politics and financial reality.

  • 28 Jan 2015
  • From the section Europe
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