Thursday, October 13, 2011

PRESS

  • There is a very real sense of anxiety emerging from foreign media today as commentators double down on calls for a ‘comprehensive’ European solution. The ‘now or never’ mood – the idea that an inadequate European response now could lead to a global financial meltdown and jeopardize the eurozone’s integrity – is reflected in the tone of the open-letter by 96 ‘concerned Europeans’ [FT] and widely cited calls for urgent action by Trichet. [RTRS] Yet commentators remain skeptical on what is to emerge from the upcoming summit.
Guardian’s Stewart writes ‘Over and over again for more than a year now, investors have been buoyed by the emergence of each new "plan"; but their exuberance rarely lasts when the details emerge, even if there are any.

    • WSJ’s Nixon writes ‘Ms. Merkel and Mr. Sarkozy have promised to reveal the full details of their great undertaking in four weeks. If they pull it off, it will certainly be an achievement of great advantage. It will also be little short of a miracle.’

No comments:

Post a Comment