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Greece political developments stir European debt fears

Stephen Beard Dec 29, 2014
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Greece political developments stir European debt fears

Stephen Beard Dec 29, 2014
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Greece may have tipped Europe back into crisis.

In its third and final attempt, the parliament in Athens failed to choose a new president, and that’s triggered a snap general election next month in which a radical anti-austerity, anti-bailout party called Syriza is the favorite to win.

Some analysts fear that if the Greeks do elect Syriza, it will weaken Germany’s support for Greece’s membership in the Eurozone and bolster German opposition to monetary easing across the stagnant Eurozone.

After a quiet 2014, the Eurozone looks set once again to become a major focus of international investor unease in 2015.

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