Failure
to
form
a
new
government
in
Athens
has
increased
the
possibility
of
the
country’s
exit
from
the
euro.
Many
Germans
would
like
to
see
Greece
return
to
the
drachma
and
release
Berlin
and
Brussels
from
further
financial
bailouts.
Yet
few
believe
the
departure
of
Greece
would
do
anything
but
further
destabilise
the
wider
eurozone.
The
markets
would
surely
turn
on
Spain
and
drive
up
the
cost
of
bonds
and
sovereign
debt
to
unsustainable
levels.
The
UK,
Italy
and
the
Netherlands
are
already
in
a
double-dip
recession,
while
the
French
economy
is
flat.
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