Spänningen stiger

- I have never seen Europe’s policymakers as scared as I saw them in Washington last week. 

- Rescuing the eurozone requires an action plan of a scale hard to fathom.

Det skriver Wolfgang Munchau, FT September 25, 2011

- Based on previous performance, it is hard to imagine that the European Council will rise to the occasion. If it does, it is even harder to believe that they can get the support back home. 


Larry Summers, Barack Obama's former chief economic adviser,

who was attending his 20th IMF meeting, said: 

"I have not been at a prior meeting at which matters have had more gravity."



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