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Merkel Ally: Euro Zone no Longer Obliged to Rescue Greece

Euro zone politicians are not obliged to rescue Greece as the country is no longer of systemic importance to the single currency bloc, a senior member of German Chancellor Angela Merkel's party was quoted as saying. In an interview with Rheinische Post newspaper published on Wednesday. Michael Fuchs also said Greek politicians could not now “blackmail” their partners in the currency bloc. “If Alexis Tsipras of the Greek left party Syriza thinks he can cut back the reform efforts...

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