It was in Greece that the infernal euro crisis began just over five years ago. So it is classically fitting that Greece should now be where the denouement may be played out-thanks to the big election win on January 25th for the far-left populist Syriza party led by Alexis Tsipras (see pages 18-20). By demanding a big cut in Greece's debt and promising a public-spending spree, Mr Tsipras has thrown down the greatest challenge so far to Europe's single currency-and thus to Angela Merkel, Germany's chancellor, who has set the austere path for the continent.
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