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European shares rally as Greece drops calls for debt write-off

Greek retreat may shift attention to Tsipras's desire to increase spending and roll back austerity


EUROPEAN shares rallied and yields on eurozone government bonds tumbled on Tuesday after the new Greek government dropped calls for a write-off of its foreign debt.

The new Greek government, led by the left-wing Syriza party that won elections just over a week ago, on Monday...

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