''To the surprise of nobody except a few alarmists, the finance ministers of the European Union reached a deal
with Greece on Friday, extending the country’s existing bailout until
the early summer. Greece’s new left-wing Syriza government had been
telling everyone for weeks that it wouldn’t agree to extend the bailout,
and that it wanted a new loan agreement that freed its hands, which
marks the deal as a capitulation by Syriza and a victory for Germany and
the rest of the E.U. establishment..''
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