He has little to no moral courage.

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"If what he says is true, what he's done is not cowardly, it has taken a significant amount of courage, because no one has ever done that before, " said May.

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No government has found the courage to persuade France of the need for shock-therapy.

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But so far no British politician has had the courage to try this (see the next story).

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Unfortunately, no one at the Fed has the honesty and courage to suffer the short-term shock that would accompany any meaningful exit strategy.

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