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Politics is the big risk to the euro

From bbc.co.uk

The 2010 general election was fought under the dark shadow of a financial crisis in Greece that was infecting the eurozone - and was bound to damage the UK's economy. So I start 2015 wondering why I feel five years older, since nothing much seems to have changed around me: there appears to be a general election looming here and something of a financial calamity brewing in Greece and in the euro area. Here is what strikes me: the eurozone is both stronger and sicker than in 2010. How so? Well the eurozone is stronger in that it has put in place financial buffers to absorb the losses that would be generated if Greece ... (full story)

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