Jim O'Neill of Goldman Sachs is now going around saying that the eurozone needs "solidarity," and that Germany in particular needs to get with the all-for-one-and-one-for-all program, after getting itself into this mess by encouraging far too many countries to join the euro in the first place. At the same time, the survival of the euro, he says, "requires Germany to be not so noisy and aggressive about how other countries should run their economies."
The Great Debate UK
from Felix Salmon:
The WSJ has a great little story proving once and for all that just because something is secret doesn't mean it's interesting. Apparently, for a year or so, a "secret task force" met at ungodly hours on the sidelines of various euro-events in cities like Brussels and Luxembourg. Its members were hand-picked, its task momentous: to come up with a plan should a eurozone country enter a crisis and threaten the currency union.