Another Euro election

It's probably the first time that events in Spain have decided the outcome of a Greek election. Last weekend the European Union agreed to loan Spain's nearly insolvent banks 100 billion euros on relatively easy terms. Syriza, the hard-left protest party that came from nowhere to dominate last month's election in Greece, will therefore almost certainly emerge from next Sunday's rerun of that election as the biggest party in parliament.

Gwynne Dyer
Published: Wednesday, 06/13/2012 12:00 am EDT

It's probably the first time that events in Spain have decided the outcome of a Greek election. Last weekend the European Union agreed to loan Spain's nearly insolvent banks 100 billion euros on relatively easy terms. Syriza, the hard-left protest party that came from nowhere to dominate last month's election in Greece, will therefore almost certainly emerge from next Sunday's rerun of that election as the biggest party in parliament.

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