A handout photo released by In Time News shows Greek Prime Minister Antonis Samaras looking on during a meeting with the Greek president at the Presidential Palace in Athens, on December 30, 2014. AFP PHOTO/IN TIME NEWS/YANNIS LIAKOS
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Greece started counting down Tuesday to a snap election next month as the prime minister warned that the ballot will determine whether the crisis-hit country remains part of the eurozone.Greek stocks closed down almost four percent on Monday -- having lost a massive 11 percent earlier -- amid fears that Syriza could roll back austerity measures if it wins the election.Syriza had dismissed warnings that its electoral program could shake the markets but, within hours of the election call on Monday, the International Monetary Fund said it was suspending further bailout payments to Greece until a new government was formed.Greece recently secured a two-month extension to February from its EU-IMF creditors to conclude a fiscal audit that will determine the release of some 7.0 billion euros ($8.6 billion) in loans.
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