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Monday, June 18, 2012

Greek election results ease economic fears

An EU and a Greek flag fly in front of ancient Parthenon temple, in Athens, Sunday, June 17, 2012 as Greeks vote in the most crucial elections in decades. Greece voted Sunday amid global fears that victory by parties that have vowed to cancel the country's international bailout agreements and accompanying austerity measures could undermine the European Union's joint currency and pitch the world's major economies into another sharp downturn. (AP Photo/Petros Giannakouris)Greeks voted in crucial elections on Sunday, with the center-right New Democracy party receiving about 30 percent of the vote, according to the government's projections. The results will likely keep Greece and its ailing economy in the euro zone, and ease fears among the world's financial markets of the "economic tsunami" that could have been--at [...]