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Greece Turns from Drama to Tragedy
Prime Minister Alexis Tsipras’s surprise call last week for a referendum on the austerity proposals by its international creditors, followed by the shuttering of Greece’s banks and stock exchange on June 29, opens a dangerous new chapter of its crisis. It could also spell the end of Tsipras’s political leadership. The prime minister’s moves have inflicted lasting damage to the Greek economy. The most hopeful scenario from now on is that Greek voters reject his irresponsible call for a “no” vote on the referendum and approve a return to serious negotiations with the Troika of international creditors, ... (full story)
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