WSJ: Greece As Object Lesson

See the snarky editorial comment of The Wall Street Journal about the Greek economic crisis, now coming rapidly to a head.

A euro exit would be a disaster for Greeks, who would be left holding devalued drachmas in a stagnant economy. Then again, Syriza and other anti-euro parties won more than 50% of January’s vote, and no party in Greece seems particularly invested in serious reform. So perhaps the Greeks deserve to get what they seem to want.

As for the rest of the eurozone, there’s a growing sense that the best purpose Greece could now serve is as a demonstration of the dangers of failing to make other economies competitive. You can never save someone from himself, but you can try to learn from a bad example.

"Perhaps the Greeks deserve to get what they seem to want." That's a paraphrase of COTTonLINE's current motto: "You should normally oblige someone who seeks martyrdom."