Alexis Tsipras

By Isobel Finkel & Simon Kennedy

A country accounting for less than 0.4 percent of the world economy is again rattling those responsible for three-quarters of it.

By Theophilos Argitis

Canadian Finance Minister Joe Oliver said the European Union and Greece must make compromises to end a showdown over the Mediterranean country?s bailout program.

European Commission President Jean-Claude Juncker told Greece's new government that it should not assume that the eurozone partners would agree with the promises that the new Greek Prime Minister Alexis Tsipras made to Greek voters. Juncker told reporters on Monday that Tsipras "only partly addressed' concerns Brussels has regarding his plans during his speech on Sunday evening.

The Obama administration is pushing eurozone leaders to compromise more with Greece's new government as fears grow that a protracted budget stand-off could damage the global economy, the Financial Times reported on Sunday.

Late on Sunday evening, Prime Minister Alexis Tsipras delievered his 1.5-hour speech in Parliament outlining the government’s position on a number of matters. This inaugural speech launches a three-day debate that ends with a vote of confidence at midnight on Tuesday.

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Scenes from last night:

By Alessandra Galloni & Ingrid Melander

In Paris and Rome, it was sugar coated; in Berlin and Frankfurt unequivocal. But the message from European capitals to Greece's new leaders was the same at every stop on last week's tour - stick to your commitments.

European Commission President Jean-Claude Juncker on Monday advised Greece's new government not to assume the euro zone would simply accept all the promises its leftist leader Alexis Tsipras made to Greek voters about scrapping economic reforms.

The international media viewed Prime Minister Alexis Tsipras first official speech in Greek Parliament in a negative light on Sunday. Reutors economy Hugo Dixon was one of the first to tweet:

He later wrote on Twitter that these announcements would lead to the country to a Grexit:

An unusually high percentage - over 70 percent - of people support the tough stance adopted by the Alexis Tsipras government toward Greece's creditors.

In his speech on Sunday, Greek Prime Minister Alexis Tsipras said that Greece had a "moral obligation" to claim reparations from Germany for the damages wrought by the Nazis during Worle War Two. He said that this was "a moral obligation to our people, to history, to all European people who fought and spilled their blood against Nazism."