The renewed doubts over its commitment to meeting the conditions for its bail-out will impair investment and frighten households, exacerbating the economic misery that voters are rejecting, and perhaps making it less likely that they will elect a government that can manage to keep Greece in the euro area.

ECONOMIST: The threat of a Greek exit: Unhappy in their own ways | The

In other words, by reducing the principal investment, front-end charges permanently impair the future returns to investors.

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