Quite astonishing that for once the European politicians have got their act together and addressed the financial cesspool that the banks have created. A shining performance by Sarkozy and Brown, from whom nobody expected such alacrity and cooperation.
On the other side of the pond (is Bush still president over there?), McCain is too busy slinging mud at Obama in a last-ditch effort and Paulson’s plan seems rather ineffectual by comparison to the Europeans’.
It seems that Europe is finally assuming the role it should take; with a population of some 450 million it’s about time.