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Clean squid, discard tenacles, wash bodies and drain. Place squid in a heavy saucepan with olive oil, wine, salt, pepper and sugar. Bring to a boil, reduce heat and simmer for an hour. Remove from heat, cool, sprinkle with parsley and serve.
Your Kalamarakia Me Krassi (Squid in Red Wine) is ready. Buon appetito!
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