How Europe’s New Goals Will Pay Off
Call it Greece’s China moment. Like an economy run into the ground by decades of socialism, as China’s was before the country began reforms in 1978, Greece’s political and economic order had failed. Greece wasn’t crushed by Maoism but by its $400 billion national debt. When the market for Greek bonds dramatically collapsed in the spring of 2010, the country’s prime minister, George Papandreou …

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