Greece: bazooka or bouzouki?

Is Greece a sovereign version of Bear Stearns? The world had better hope not. But it’s tempting to draw parallels between an incipient Hellenic bailout and the rescue of Wall Street’s biggest outlier. There are of course huge differences between a smallish investment bank and a Mediterranean state. But the European Union’s challenge is remarkably similar to the one Federal Reserve Chairman Ben Bernanke faced nearly two years ago: how to help out one of its weakest constituents without encouragi...