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September 11, 2012

Merkel's U-Turn on Greece

Hammerstein, Der Spiegel

AP Photo

Angela Merkel has made a surprising U-turn in her policy on Greece. The German chancellor now wants to stop Athens from leaving the euro zone at all costs -- even if it means massaging the figures in the upcoming troika report. For the German leader, it is essential to avoid the consequences of a Grexit before national elections next year.

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TAGGED: Eurozone, Greece, Germany, Angela Merkel, Europe

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