Yes I remember the headline. It was stupid even then. There are not, and never were, any valid comparisons with Greece. The financial crisis was made on Wall Street, not in Downing Street. Labour did not cause the collapse of Bear Sterns and Lehman Bros; the sub prime market in American; the failure of AIG; the collapse of Spain and Portuguese banks. Nor were they resonsible for the South Sea Bubble - but George Osborne was responsible for the slowest recovery since then. In Most recoveries - even the depression in the 1930s - output recovered after four years. From 2010 it took six years for the economy to recover. In the meantime, the lost output is lost forever. What Labour were responsible for was doing nothing to curb inflated asset prices. They should have taken demand out of the economy by raising taxes and/or interest rates. But there was an election approaching...