Get ready for another Greek debt crisis in Europe. Only this one will be different.
More than two years after the threat of a default by Athens sent officials in Brussels scrambling to prevent a Greek departure from the euro, that prospect is once again on Europe's front burner.
As Greece prepares for elections Jan. 25, the likely winner appears to be the opposition Syriza party, whose leader, Alexis Tsipras, wants to renegotiate the terms of a 2012 European bailout that rescued his country from default.
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With the official unemployment rate still north of 25 percent, Greek voters have apparently lost patience with the "austerity" measures that came with the bailout.
"This only worked on the basis of austerity leading to growth, and it's just been way too slow," said David Gordon, a political analyst and president of International Capital Strategies. "So you have had the politics coming apart."