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Syriza's Victory is Not the End but the Beginning
As the demonizing of Syriza gives way to post-electoral analysis, its victory is being seen as anti-austerity not anti-EMU. Politics makes for strange bedfellows, and a small conservative party Independent Greeks, have agreed in principle to form a coalition. The period of political uncertainty that was a clear risk will not materialize, and a new government will be sworn quickly. This in turn will maximize the period for negotiations with Greece's official creditors. The current support package was extended from December to the end of February. A new agreement is needed going forward. Otherwise, the funding of Greek ... (full story)