| Your cash is being counted payday check Greece, as last week's spat made clear, will be the first cloud on the horizon after the elections. Henning Klodt, head of the economic policy centre at Germany's prestigious Kiel Institute, said that, contrary to the government's assurances: "A debt haircut for Greece will be necessary after the elections. It is necessary not just because austerity measures are failing but because of the lack of a competitive economy in Greece. After the election, the CDU will present [voters with] the bill."
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