Greece's impressive external rebalancing has culminated in the current-account deficit narrowing to 2.9% of GDP in 2012 from almost 15% in 2008. However, this process has mainly relied on a collapse in imports as a result of an ongoing sharp contraction in domestic demand, driven by fiscal austerity.
Polls continue to show that voters prefer Mr Cameron as prime minister to Mr Miliband, but that they prefer Labour over the Conservatives. That might well change before the next election in 2015, but there is little to suggest that Mr Cameron's grand vision will be sufficient to persuade more voters to back his party.
Recent economic indicators suggest that at least some of the risks to the Turkish economy that built up in 2010-11 have started to ease. Although this improvement may be partly due to external developments outside of the control of the Justice and Development Party (AKP) government, much of the rebalancing process has been policy-induced.
The chancellor of the exchequer, George Osborne, has staked the British government's reputation on reducing the country's record-high peacetime fiscal deficit (11.4% of GDP in 2009). He has succeeded in making modest inroads since mid-2010, albeit by front-loading less politically contentious measures.