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Much euro ado about nothing

There is little that eurozone policy makers can do about Greece before the elections

A meeting of eurozone leaders that wasn't designed to decide anything didn't actually decide anything. So what? The lack of concrete conclusions from Wednesday night's dinner signifies little about how the eurozone crisis will play out. That will be determined by the Greek elections on June 17 and a summit on June 30.

There is little that eurozone policy makers can do about Greece before the elections. They have no choice but to repeat demands for Greece to abide by its existing agreements since any sign they might compromise would boost the fortunes of the anti-bailout Syriza party and its leader, Alexis Tsipras.

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