Last week, we deliberately turned our attention away from Europe to the USA, as we were waiting for action, rather than mere words, from European leaders. This week we return to Europe, even though the final details of the euro rescue plan are still to emerge. |
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While the politicians are fiddling, the banks are burning. Dexia has been consumed by the flames, but the fire is far from extinguished. Banks in Europe have lost all mutual trust. |
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