Greek Economy’s Comeback Carries Lessons The U.S. Must Learn

A few days ago, S&P elevated Greece’s government debt from junk status to investment-grade. This positive change is remarkable. For years, Greece has been an economic basket case, thanks to massive overspending, overtaxation and overregulation. Scandalous abuses in its finances also contributed to a disaster that saw Greece plunge into a depression.

This segment of What’s Ahead discusses how Athens has engineered an astonishing turnaround since its new, conservative, pro-economic-growth government took over, a happy standout in today’s dreary economic environment.

Other governments should take heart from Greece’s example and emulate its exciting reforms, including big cuts in tax rates.

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