Greece: stand by them

Greece is not a near-bankrupt British bank in need of a taxpayers-financed bailout. It’s a sovereign country with a government that suffers from a serious credibility problem. But Germany seems ready at last to lend Athens some of its own credibility. This week’s European Union summit could mark the beginning of the end of Greece’s harsh financial winter. Markets responded well to the mere indication that the EU – or to be more precise, the euro zone – is ready to help. The spread on Greek gover...