"The Japanese have always been fascinated with Europe. They modelled their system of government on Britain’s, as well as their health care system and roads; their railways owe something to France; their banks are being remodelled in German fashion. But right now it is another less familiar nook of Europe that is provoking the most attention: Greece.
No prizes for guessing why. With Athens having last week agreed a set of unprecedented austerity cuts and declared itself open to the prospect of an International Monetary Fund bail-out, the Japanese are asking themselves whether a similar fate lies in store for them."