How to Save Greece

Mark Gilbert of Bloomberg View writes:

Polls suggest that the opposition Syriza party may win power in Greece; its leader, Alexis Tsipras, wants to unwind government spending cuts to halt what he calls a “humanitarian crisis” in his country. If he does win the prime minister’s job on Jan. 25, the EU will need to take his concerns seriously, recognise that fiscal backtracking is preferable to seeing Greece exit the euro, and concede that the unfortunate solution to the nation’s unsustainable debt is to forgive some of it.