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THE WORLD FROM BERLIN
Leaders 'Don't Grasp Scale of the Abyss Facing EU'
The EU's failure to agree a unified strategy to tackle the financial crisis shows that its leaders don't grasp how serious it is, write German commentators. It's time for politicians to stop blaming the bankers and to realize that at this point, only the state can avert a very dangerous crisis of confidence.


... don't think so ...
... a unified response from europe ...
... would permit world kleptocrats to speculate ...
... while mixed reactions, country by country ...
... can deter the kleptocrats ...
... from stealing out of the mess they created ...
... the important part is the eu has to backup national policies ...
... confusing or contrasting ...
... liking it or not ...
... each member has to respect the other members sovranity ...
... we are all on the same boat ...
... we can orderly evaquate like the doria ...
... or we may sink like the titanic ...
... we have one advantage over america ...
... we are compartimented ...
... while here they are all blaming each other ...
... because they can't close the compartment doors ...
... we can try to fix them one by one ...
... hoping it may work ...
... we may end up with half europe nationalizing banks and insurances ...
... and half privatizing public dinosaurus ...
... or both and or either ...
... but thats the beauty of a compartimented economy ...
... at worse or at best produces half losses and half gains ...
... but europe is known to be more parsimonious than america ...
... so I guess we can live with that ...

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# posted by intcoex : 5:24 AM