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Syriza win in Greece won't be a disaster for EU
As we approach Sunday's Greek election, the extreme left party Syriza is leading in the polls, causing many in Europe and the United States to fear the worst when it comes to Greece's future economic stability and its status in the European Union. While everyone should be closely watching Greece's actions, it is unlikely that even a Syriza victory will spark widespread sovereign bank contagion or a Greek exit from the EU, recently referred to as a "Grexit." Syriza has proposed significant increases in wages, pensions and of the state sector in general, conservatively estimated to cost 20 billion euros, with no ... (full story)
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