Socialism is going to have another vote in Greece.

After being forced by reality to accept even more stringent austerity measures than those he had previously told Greeks to reject, Prime Minister Alexis Tsipras resigned today.

Faced with a near collapse of the Greek financial system which threatened the country’s future in the euro, Tsipras was forced to accept the creditors’ demands for yet more austerity and economic reform – the very policies he had promised to scrap when he was elected in January.

“I want to be honest with you. We did not achieve the agreement we expected before the January elections,” he told the Greek people.

“I feel the deep ethical and political responsibility to put to your judgment all I have done, successes and failures.”

The catch is, Tsipras may be resigning…. but he also MIGHT get re-elected. Elections are scheduled to be held on September 20th, and the short period of time may be designed for Greeks to show their support for him, the new austerity package, and his Syriza party – or go even harder left.