Got a TV Licence?

You need one to watch live TV on any channel or device, and BBC programmes on iPlayer. It’s the law.

Find out more
I don’t have a TV Licence.

Summary

  1. Alexis Tsipras, leader of the anti-austerity party Syriza, forms a coalition with the right-wing party Independent Greeks
  2. Mr Tsipras vows to end Greece's "humiliation and pain" after Sunday's general election win
  3. Syriza's victory raises fears about Greece's future in the euro as Syriza questions its 240bn euro bailout terms
  4. European Commission chief Jean-Claude Juncker congratulates Mr Tsipras while reminding him of "fiscal responsibility"
  5. Eurozone finance ministers met, with the fallout from the Greek election high on the agenda
  6. All times in GMT

Live Reporting

By Paul Harrison, Laurence Peter, Thom Poole, Patrick Jackson and Camila Ruz

All times stated are UK

Which brings us to the end of our coverage of the day the leader of the far-left Syriza party, Alexis Tsipras, was sworn-in as Greek prime minister. He has successfully formed a coalition with another anti-austerity party, Independent Greeks. European countries have said they are ready to work with the new Greek government, but some - notably Germany - have warned that Greece will be held to previous financial commitments. We will continue to bring you the news from Greece as Mr Tsipras attempts to honour his election pledges - our latest story is

here.

Greek radical left SYRIZA leader and newly sworn-in Greek Prime Minister Alexis Tsipras arrives at his offices
EPA

Greek problems 'haven't disappeared'

More from the Eurogroup media conference. The organisation's chairman, Jeroen Dijsselbloem said the group was "very motivated" to work with the new Greek government. But he added: "We all have to realise and the Greek people have to realise that the major problems in the Greek economy have not disappeared and haven't even changed overnight because of the simple fact that an election took place."

Pierre Moscovici, EU Commissioner for Economic Affairs

Here is some of what Commissioner Moscovici said at the Eurogroup media conference.

"We want a Greece that can stand on its own feet again. We want a Greece that can grow sustainably, create jobs, prosperity for all its people, to reduce inequalities. We also want a Greece that can repay its debts. And what we need to agree upon with the incoming Greek government is not the ends, but the means."

Senior figures from the Eurogroup - the finance ministers of the Eurozone - are holding a media conference after talks dominated by Syriza's victory in Greece.

Members of the Eurogroup hold a media conference
Reuters

'Still some leeway'

Ireland's finance minister believes Greece's debt could be made more affordable. Speaking after a meeting of euro zone finance chiefs, Michael Noonan said there was a willingness to engage with the new government but most ministers would like to protect the money they had already lent. "The solution for Greece's debt problem is a new arrangement on the length of their loans and the interest rates to be paid and there is still some leeway even though these have been adjusted before," Mr Noonan told Irish broadcaster RTE.

'Giving an answer'

Allowing Greece concessions in debt negotiations could set an unhelpful precedent, says Norbert Roettgen, an MP with the CDU party, part of the governing coalition in Germany. But Mr Roettgen, chair of the Foreign Affairs Committee in the Bundestag, said: "We have to deal with economic frustrations, we have to deal with protests and we have to give an answer."

It appears news of Syriza's historic election victory is yet to reach the official Greek prime minister's Twitter account, which still shows the previous man in charge, Antonis Samaras.

A screen grab of the official Greek Prime Minister's twitter feed
Twitter

What does Greece have to pay?

Greece has about €20bn (£15bn; $22.5bn) of debt to repay this year, according to the Greek finance ministry - see the top chart on page four of

this document, headed "redemption schedule". Raoul Ruparel, head of economic research at Open Europe think-tank, told the BBC that maturing bonds worth about €6.5bn would have to be paid off to the European Central Bank (ECB) in July and August. Less worrying for the new government are the T-bills (€4bn), that is, short-term debt that can usually be rolled over. About €9bn in loans also has to be repaid - spread quite evenly through the year. That is loan repayments to the IMF and ECB, including interest on the current bailout money. The bailout expires at the end of February, so Syriza will have to start negotiating fast.

Euro bills - file pic
Reuters

International Monetary Fund

tweets: (Organisation chief Christine) Lagarde: we stand ready to continue supporting Greece; look forward to discussions with new government

Alexis Tsipras has met the leader of the centrist party The River, Stavros Theodorakis. The party, which won 17 seats in the election, said on Sunday it would be open to supporting a Syriza government but ruled out a formal coalition.

Greece"s newly-appointed Prime Minister Alexis Tsipras meets with Greek centrist party To Potami (River) leader Stavros Theodorakis
Reuters

Must keep promises - Hollande

Greece must keep its promises on debt repayments, French President Francois Hollande says. "Commitments have been made and they must be honoured," he told a news conference in Paris.

'Slap in the face'

There's been more positive reaction to Syriza's victory from other anti-austerity parties in Europe. Matteo Alvini, the head of the Northern League in Italy, described the result as a slap in the face to the "European Soviet Union of the euro", unemployment and the banks. Portugal's Socialist Party said it was another sign of the failure of austerity.

'Let them go'

What if the Greeks did want to leave the eurozone? Michael Fuchs, a German MP with Chancellor Merkel's CDU party, was blunt, saying the EU could cope.

"Let them go. The situation is not like it (was) three years ago. You have to see we have now the banking union available, we have the European Stability Mechanism available, so we are not so much worried anymore. And all the countries are in a much better condition. You see Portugal is not under any regime any more. Ireland - already safe. So the situation is completely different than three years (ago). Blackmailing doesn't work."

Athens saw some dramatic weather today as Mr Tsipras was sworn in.

Lightning strikes over buildings at central Syntagma square during heavy rainfall in Athens
Reuters
Dark clouds gather above the Parthenon Temple
Reuters

Another sign of EU flexibility?

Olli Rehn, the Finnish ex-EU commissioner who was a key player in the Greek bailout deal, says the debt repayment deadlines could be extended. "Every state is expected to respect its commitments," he told the BBC. He went on: "This means we expect that Greece will pay back its debts, even if there would be an extension of all maturities." He pointed out that the UK did not finish paying off its World War Two debts to the US until 2006. "So quite long maturities are not so exceptional in economic relations," he explained.

Get involved

Tweet @bbc_haveyoursay

Andrew Huzar

tweets: So far, the markets have yawned. But who ultimately has the upper hand? The creditor (#Germany) or the debtor (#Greece)?

This is Mr Tsipras arriving at the Maximos Mansion, the Greek Prime Minister"s official residence in Athens.

Greece"s Prime Minister Alexis Tsipras waves to the members of media as he arrives at Maximos Mansion, the Greek Prime Minister
AP

Pierre Moscovici, EU Commissioner for Economic Affairs

This Eurogroup has to give a strong signal that we want to start discussing with the new government, that we fully recognise the clarity and legitimacy of the new government after the choice of the voters yesterday, that we will also have to work on the basis of the commitments taken, knowing that the European Union has been sitting beside the Greek people. And of course the Union and the Commission, in particular, is willing to continue being at the side of the Greek people."

EU Commissioner for Economic Affairs Pierre Moscovici
EPA

Why aren't markets panicking?

Syriza's victory brings the possibility of a Greek exit from the euro. So why have the markets, which normally hate uncertainty, not panicked? The BBC's Economics Editor, Robert Peston,

suggests they "believe reason will prevail, and Berlin will sanction a write-off of Greece's excessive debts".

A stock exchange in Frankfurt, Germany
AP

Get invovled

Tweet @bbc_haveyoursay

Matto Bencic

tweets: The #EU should see #Greece as a great opportunity to reform its austerity measures and find shared beneficial policies #EUnited #Syriza

Get involved

Tweet @bbc_haveyoursay

Kirk Kus

tweets: Left-Wing Syriza form a collation with Right-Wing Ind. Greeks. Is it the question now, right vs wrong not right vs left ? #greeceElections

Get involved

Tweet @bbc_haveyoursay

Lida Far

tweets: #Greece has thrown EU estab'ment a curve ball whilst lowering lifeline to majority of ordinary joes ravaged by austerity. #InterestingTimes

New-look Greek parliament

Election results
BBC

Lots of journalists at the scene have been pointing out that the weather has been less-than-welcoming to the new Greek government. Here is the ancient Parthenon temple illuminated in the rain.

The ancient Parthenon temple is illuminated as raindrops fall during a storm in Athens, Monday
AP

Get involved

Email haveyoursay@bbc.co.uk

Christopher Baulcombe from Bournemouth emails: EU 'leaders', please respect Greece's democratic decision. After all, this government has been elected through a democratic process, not a backroom deal, which is the norm for EU leadership.

Get involved

Email haveyoursay@bbc.co.uk

Megan from Cheshire emails: What is the point of eurozone finance ministers meeting to discuss Greece before the new Greek government has had time to appoint a finance minister to represent them at the meeting?

EU: 'We have our rules'

Jean-Claude Juncker, European Commission President

We have our rules, and our rules were established through a common agreement with the Greek authorities. We are going to see what the demands of the new Greek government will be, we will discuss them as we discuss them with all governments. Independently of its composition, the choice of the Greek electorate is not the responsibility of the Commission, but the Commission works with all governments which are put in place. I am not particularly nervous."

European Commission President Jean-Claude Juncker
EPA

German angst

Compromising with Syriza over Greece's colossal debts would be very difficult for German politicians, says Charles Grant, director of the Centre for European Reform. Why? "They have failed to explain to the German people that the euro benefits their country enormously, and that some generosity to Greece is a small price to pay for these benefits,"

he writes on the IPPR think tank website.

Nick Malkoutzis, Kathimerini English

tweets: Tsipras's first meeting with a foreign ambassador since being elected Greek PM was with Russia's Andrey Maslov

'Prior commitments'

Steffen Seibert, German government spokesman

The German government will offer its help to the future government of Greece. In the past few years Greece has gone to considerable effort to achieve substantial success in its reforms. In our view, it is important that the new government take measures so that the economic recovery continues. A part of that is Greece holding to its prior commitments and that the new government be tied in to the reform's achievements."

Steffen Seibert, German government spokesman, pictured with Chancellor Merkel
AFP

Finland signals debt flexibility

Finland's Prime Minister Alexander Stubb has ruled out a debt write-off for Greece, but says allowing more time for debt repayments is possible. "We will not extend any debt forgiveness, but we are ready to discuss programme extensions and loan period extensions," he said, quoted by

Finnish broadcaster YLE. Finland, like Germany, has been a strong advocate of budget discipline and austerity in the eurozone.

The French President, Francois Hollande, has invited the new Greek prime minister to visit as soon as possible. In a statement from the Elysee Palace, Mr Hollande said France would "stand by Greece during this important period for its future".

First Greece, next Spain?

Syriza's victory has been watched closely around Europe, not least in Spain where Podemos, another left-wing, anti-austerity party, hopes to win elections later this year. Party leader Pablo Iglesias, who appeared at Syriza rallies, said: "We believe Syriza's victory in Greece has also proven the failure of austerity policies. Austerity measures have not only caused great social suffering for Greeks, they have also proven to be ineffective."

Spain"s Podemos (We can) Party secretary general Pablo Iglesias
Reuters

Chris Morris, BBC News

tweets: Extraordinary skies in thunder storm over Athens at the moment. Are the neoliberal gods angry?

Dark clouds over Athens
BBC

These are the papers signed by Mr Tsipras at his swearing-in ceremony.

A presidential aide displays the papers appointing Alexis Tsipras as Greek Prime Minister
Reuters

Honouring war dead

Mr Tsipras laying flowers at Kessariani war memorial
Reuters

Immediately after his swearing-in the Syriza leader, Alexis Tsipras, honoured Greek Resistance members shot by the Nazis during World War Two. Mr Tsipras wants Germany to pay war reparations to Greece, as he explained to Paul Mason in this

recent Channel 4 blog.

Syriza's new partner

This man is Panos Kammenos, leader of the Independent Greeks and Syriza's new coalition partner. Both parties agree that Greece should write off some of its huge debts and roll back some of the austerity cuts. But the similarities end there - the Independent Greeks are social and political conservatives, favouring less immigration and a greater role for the Greek Orthodox Church.

Independent Greeks leader Panos Kammenos leaves the Syriza offices after a meeting with Syriza"s leader
AFP

'Give Greece a real opportunity'

Forgiving Greek debt would give Greece a real opportunity to restart its economy,

argues Ashoka Mody of the Bruegel economic think-tank in Brussels. "The wrong answers to the Greek test have escalated the stalemate... Greek debt will eventually be written down," he writes.

Markets unfazed

The financial markets have largely shrugged off Syriza's victory, despite the party's well-publicised opposition to austerity. But Tom Elliott, from the financial advisor deVere Group, told AFP: "Investors can expect Greek-led market volatility for at least six months until a Syriza-led government is better understood."

Financial markets on 26/01/15
BBC

At 40, Mr Tsipras is the youngest man to become Greek Prime Minister in 150 years.

Alexis Tsipras at his swearing in ceremony as Greek Prime Minister
AP