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Chancellor George Osborne gives his reaction to the anti-austerity party Syriza's win in the Greece elections.

Mr Osborne told Today: "If your economy has shrunk you are going to look for other answers...the things the new government has promised, it's going to be very difficult to deliver".

On Europe he added the "The institutions of the eurozone are not working well enough for the people of Europe...people get tired of economic failure and rising unemployment."