Last week’s election in Greece was marked by the triumphant declarations of the leaders of the two coalition government partners: the conservative New Democracy Prime Minister Antonis Samaras and his deputy, Evangelos Venizelos, who is the leader of PASOK.

Their main victory was that over the next six years the number of the country’s unemployed – now 1.5 million unemployed people - will be reduced by at least half. Indeed, the New Democracy party promised to create 700,000 jobs. Pasok was ev...

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