U.K. Takes Medicine, Greece Turns Doctor Away: Kevin Hassett
This article is for subscribers only.
The best medicine can taste awful.
The governments of the U.K., Ireland and Greece have embarked upon ambitious, sometimes painful efforts to restore their economies to sustainable growth paths. Of the three, the U.K. and Ireland took their medicine, following the lessons of past efforts to pull national economies away from spiraling debt. Greece decided the taste was just too awful, and its irresponsibility threatens every euro-zone country.