To be sure, in the Greek debacle, both sides have made countless mistakes, misjudgments, and misdeeds over the last decade, and even before. A country does not reach Greece’s parlous state without a generation of egregious mismanagement. But nor does a country go bankrupt without serious mistakes by its creditors – first in lending too much money, and then in demanding excessive repayments to the point of the debtor’s collapse. With both sides at fault, it is important for them not to lose the future by squabbling endlessly over the past.
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