Greece and Italy, desperate after their gridlocked political systems left them mired in debt and crisis, have both chosen technocratic economists – Lucas Papademos and Mario Monti, respectively – rather than politicians to lead new governments. Both can be described as professors: Monti has been president of Milan’s Bocconi University as well as a European Commissioner, and Papademos has been my colleague at Harvard’s Kennedy School of Government in the year since he finished his term as Deputy Governor of the European Central Bank.
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