Persistence is Futile

by Andrew Stuttaford

Here, reported in EU Business, is a dose of realism from Sweden’s tough-minded finance minister, Anders Borg:

It would be better if Greece pulled out of the euro, Sweden’s Finance Minister Anders Borg said in a radio interview Friday.

“If it had to leave the eurozone, it would probably find its competitiveness once again, and then Greece could get itself back on its feet afterwards,” he told state broadcaster SR.

“It is a difficult and complicated path,” he said. “But it is difficult to see another that could work.”

Borg is no euroskeptic, but he knows when a game is up. The Greeks should pay attention, and before it approves any additional help to Athens, so should the IMF. 

The Corner

The one and only.