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Greek debacle will see victors among the vanquished

There will be benefits from a clarification of Greece's relationship with the EU.

Stopping the deposit haemorrhage would give breathing space to Mr Tsipras, but it would also lower his manoeuvring room.

IN the looming debacle over Greece's membership of European Economic and Monetary Union (EMU), it will become commonplace to say that Europe is the loser. There will, however, be victors among the vanquished.

The collapse of emergency talks between Greek and creditor representatives in