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Greece's threat of suicide may be futile

ECB's bond-buying programme is designed to protect the euro from the consequences of a Greek exit or default.

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The ECB's newfound ability to print money, essentially without limit, to support both banks and governments has reduced Greek contagion to insignificance.

London

THE good news is that a Greek default, which has become more likely after Prime Minister Alexis Tsipras's provocative rejection of what he described as the "absurd" bailout offer by Greece's creditors, no longer poses a serious threat to the rest of Europe. The bad news is that Mr...

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