Greek Parliament Passes Austerity Measures

Forgive me if I'm wrong, but wasn't a big part of the mess caused by the previous non-socialist government?

A Money Too Far

So, is Greece the next Lehman? No. It isn’t either big enough or interconnected enough to cause global financial markets to freeze up the way they did in 2008. Whatever caused that brief 1,000-point swoon in the Dow, it wasn’t justified by actual ...

http://www.nytimes.com/2010/05/07/opinion/07krugman.html?src=tp