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Lidové noviny - Czech Republic | Tuesday, June 30, 2015

Europe won't collapse

Although the government in Athens is completely unpredictable its behaviour will not pose a threat to the euro and the EU, the conservative daily Lidové noviny comments: "What goes on in the heads of a radical left-wing government is hard to predict. Perhaps the new drachmas have already been printed. Perhaps Tsipras will stand in front of his people today or tomorrow and hail a new era of progress and social security. Perhaps not. … And what comes next? Will the euro or even the EU go to pieces? Will the Greek example prove contagious? ... No, there won't be any contagion. The Italians, Spaniards, Portuguese and other risk candidates have been sufficiently deterred by the Greek example and won't follow suit. Greece's collapse ultimately won't have any continental significance. Not even if the country introduces a new currency."

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