Jeffrey: Hungover teenagers clear up after Europe's debt party

The countries of southern Europe (and elsewhere) are beginning to behave like teenagers after their first all-night party.

They have woken up with hangovers and are railing against their parents who are telling them they have to help with the clearing up. In fact, it is not entirely unreasonable to blame the parents for the whole fiasco. Thus, it may not be considered entirely unsurprising the electorates of Europe are beginning to show some displeasure with their elders and betters. Governments are heaping austerity on their populations, having behaved no better, and in many cases rather worse themselves during the preceding debt binge. Consequently, there remains a lack of collective responsibility amo...