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Economy

There Is One And Only One Way To Save The Euro

Analysis: Greece or no Greece, the problem of the European single currency runs deeper. So no tricks -- no Northern and Southern or National versions of the euro -- can save it. Europe's leaders must decide if they are playing for keeps.

The procession has begun (Luther Blissett)
The procession has begun (Luther Blissett)
Jean-Marc Vittori

PARIS - Will the euro still exist in a month, a year, a decade? I accidentally answered the question a while ago at a bakery when an owl ended up in the palm of my hand. The owl was on the one-euro coin minted in Greece, much more gracious than the excessively geometric French tree, the imperial German eagle or the nostalgic Irish harp.

Instead of using it again, I put the coin away in a desk drawer without really knowing why. Now I do. I want to keep it for my sons as a reminder of a time when Greeks believed they could blend their money into a European project. And when Europeans believed they could share a currency without sharing their destiny.

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Geopolitics

Has Lebanese Politics Finally Freed Itself Of Iran's Influence?

Lebanon's recent elections have shrunk the legislative block led by national power-brokers Hezbollah. But will a precarious new majority be able to rid the government of the long shadow of Tehran?

Supporters of pro-Iranian Hezbollah sit in a street decorated with picture of the party chief Hassan Nasrallah

Ahmad Ra'fat

-Analysis-

The results of parliamentary elections in Lebanon, have put an end to the majority block led by Hezbollah, the paramilitary group concocted by the Islamic Republic of Iran. Hezbollah and its Christian allies, the Free Patriotic Movement, led by President Michel Aoun, lost their 71 seats and will now have 62 (of a total 128 seats).

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