Could Greece spark a new European crisis?

As a snap election looms in Greece, political uncertainty is sparking fears of a Grexit. But fears of another crisis are overblown.

Greece looks sets to hold a general election on January 25 after the Greek parliament failed to support the candidate nominated by Prime Minister Antonis Samaras' for president. 

Early in the European session, Greek Stocks had slumped nearly 10 per cent, and while a lot of those losses were retraced, stocks still ended the session off 3.9 per cent. 

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