Debt crisis - EU must act as one to try to end crisis

AT a moment when so much is uncertain, at a moment when so many tottering citadels begin to look as if they might tumble into history’s dust, anything resembling a certainty is to be cherished.

Debt crisis - EU must act as one to try to end crisis

Unfortunately, it is a worrying certainty that this will be a volatile week on the world’s financial markets. This time next week we could have a better idea of what the future might hold but, then again, we may not. Doubt and prevarication are the currency of the day.

If the markets reject the proposals made after yesterday’s emergency discussions between Europe’s finance leaders, and if the reaction to the downgrading of American sovereign debt last week pushes the needle much deeper into the red zone, then it may be time for us all to do whatever it is we do in moments approaching real crisis.

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