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BoE's Carney slams euro zone austerity

Mark Carney

Governments in the euro zone should loosen tough budgetary measures in order to promote growth and help restore normality in the region, according to the governor of the Bank of England (BoE).

Vote puts Grexit back on front burner

Exit Sign

The risk of a sovereign default in Greece has increased after the anti-austerity Syriza party won Sunday's snap elections, analysts say, noting that anxiety over the possibility that Greece will exit the euro zone will keep global markets nervous.

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