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Mario Draghi
Greek political fallout a worry, but financial contagion seen limited
Greek political fallout a worry, but financial contagion seen limited

Five years after Greece sparked a sovereign debt crisis that threatened the euro's survival, the country again has the potential to rattle its currency partners if Greeks have to elect a new government next month. But this time any fallout for the euro zone could be more political than financial. It would be seen in rising support for militant political parties rather than rising borrowing costs. This is because almost 90 percent of Greek debt is now held by official creditors -- euro zone governments -- and, after the 2012 restructuring of privately held Greek debt, no one in Greece is talking about another round for the private sector. "I don't believe for one minute that...

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