€urosclerosis: Two elections

From Socialists Secure Majority in France By DAVID GAUTHIER-VILLARS And GABRIELE PARUSSINI PARIS—President François Hollande secured the parliamentary majority he says he needs to revive France’s economy and help repair the euro zone, after voters gave his Socialist Party a commanding lead in Sunday’s legislative elections. Because a Socialist-led coalition already controls the Senate, the …

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€urosclerosis: The Greeks are revolting

From European Officials Warn Greece By COSTAS PARIS, GEOFFREY T. SMITH and VANESSA MOCK BRUSSELS—European finance ministers urged Greece to stay the course on Monday, warning the country it risks being ejected from the European Union if it doesn’t form a new government and stick to the terms of its bailout deal. While several finance …

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€urosclerosis: Angela Merkel’s amazing guarantee

Two stories from illustrate just what a mess the European economy is these days. Citigroup: Risk of Greek Exit From Euro Has Risen to 50% By Matina Stevis Citigroup on Monday raised its estimate of the likelihood of a Greek exit from the euro area over the next 18 months to 50% from a prior …

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€urosclerosis: The Greeks are revolting

From Greece Nears Wage Cut Agreement as Strike Looms By ALKMAN GRANITSAS, STELIOS BOURAS and COSTAS PARIS ATHENS—The three party leaders backing the interim government of Greek Prime Minister Lucas Papademos were close to an agreement to cut the private-sector minimum wage by an average of around 20%, two senior government officials said Monday, as …

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€urosclerosis, part 3: Greece and its collapsing health care system

From : Health System Reflects Greece’s Ills BY CHARLES FORELLE ATHENS—A few years ago, George Gianakouras, a retired salesman of hotel supplies from the Greek port town of Volos, was feeling sluggish. His doctors diagnosed heart disease. He was given cardiac drugs and scheduled for angioplasty and stenting at a hospital in Thessaloniki, Greece’s second …

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