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| By Editorial Board, The Wall Street Journal, 05/16/2012 |
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MarketMinder's View: This piece makes some valid points, but it misses a key one: Greece isn’t in its present predicament because the bailouts or euro architecture have failed, but because decades of socialism left it with a bloated public sector and uncompetitive economy. Whether Greeks accept that socialism doesn’t work will be key to the nation’s fate.
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