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What is the fear of the European ruling class from a SYRIZA victory?
Unlike the last election in 2012, finance capitalism (both the
individual European and multinational banks are mostly covered from
disaster of debt abrogation, repudiation, or relief (the Greek debt has
been purchased by European governments and the ECB; see also:
http://blogs.telegraph.co.uk/…). So the issue of bank failures
solidifying fears of a spike in the crisis is not the issue as much.
Yet, international financial markets are reacting rather negatively to
the strong possibility of a SYRIZA victory. A Greek exit from the
Eurozone and debt repudiation from the election of SYRIZA is not as
worrying for the European ruling class, but the question of how can
that influence others in Europe is the issue.
full:
http://socialistresistance.org/7054/anti-capitalist-meetup-greek-elections-and-the-dangers-of-pyrrhic-victories
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