BBC News
November 9, 2011
Wanted. A leader. For a world that can see economic disaster looming but seems unable to do what is necessary to avoid it.
These past few weeks there has been no shortage of summits - the IMF in Washington, the G20 in Cannes, the EU in Brussels to name but three. There's been no shortage of calls for action. There's been no absence of financial wheezes with complex acronyms for tired hacks like me to try to explain. Did I tell you about the plan for the EU's SDRs to be packaged up to boost the EFSF? No? Perhaps it's best left to another day...
What has been missing is a sense from anyone or, even, any institution that this is their mess to resolve. The EU did agree that there should be a euro bail out fund but then they also agreed that someone else should be approached to foot the bill.
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