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Merkel Greek Strategy May Backfire
Mention of possible euro exit exacerbates European debt crisis.
Germany and France’s drive to force Greece to honor its euro commitments risks backfiring on Chancellor Angela Merkel and President Nicolas Sarkozy.
A week after the currency’s guardians declared for the first time that it is possible for the 17-nation bloc to shrink, U.S. stocks tumbled on concern German politicians are already creating exit chutes for the weakest members.
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