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.
This article was originally published by Forbes.com. Read the original article here.