The effort to overcome the benighted Neo-Liberal model, which is now in it’s Austerity phase of self-rescue, will be a trans-generational battle. The Greeks are just the first followed by Spain and the rest of the Southern Tier i.e. the Profligate South vs the Virtuous North: the Germans the beneficiaries of economic rescue four times in the 20th Century have chosen to be, what is the word, recalcitrant?
We are in the opening phase of that battle and the wisdom of the failed and failing Neo-Liberal model and it’s rationalizers appears to have evaporated in the Crash of 2008, except that those apologists can’t quite bring themselves to anything like self-account. A signal failure both of the economic and the ethical. However those two civic ideals have been buried under the rubble of that dismal failure. Although glossed over by plenty of self-serving statistical data and Dismal Science speculation/metaphysics.