Good for Greece? They just elected someone who is telling them what they want to hear. Trouble is, it is disconnected from reality. They can repudiate their existing debt, but who will buy their new bonds? They can print $$, but it will buy nothing outside Greece.
Basically, they are like a chicken running around with it’s head cut off.
Indeed, austerity meant to cut government spending. What they want is a communist leviathan. Greece is about to be shafted big time.