When it comes to Greece, things are moving fast. Peter Spiegel at the Financial Times hints at "humanitarian aid." The popular media plays up actress Kate Hudson contributing tourist dollars in Skiathos; jokes are made, but there is nothing funny here. Just for starters, all of Greece will need medical supplies that come from outside the country. The traditional adjustment out of depression—and Greece is most certainly in a depression—is debt restructuring and currency depreciation. Paul De Grauwe, of the London School of Economics, insists that debt forgiveness and restructuring is the dual path and they are, right ... (full story)