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Greece to hold new election

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DEBT CRISIS. Greece is to hold new elections after discussions to form a new government failed on Tuesday, PASOK leader Venizelos was quoted to have said.

New elections can be arranged in mid-June, extending feelings of uncertainty in the euro zone as to how the debt-burdened country will try to solve its problems.

Meanwhile, Sweden’s finance minister Anders Borg said that a Greek exit from the euro draws closer, the Wall Street Journal reported.


The Editorial Staff of