First Aid Is Not a Cure

David Cameron, the UK prime minister, has called on eurozone leaders to adopt a “big bazooka” approach to their woes. Barack Obama, US president, spoke to Nicolas Sarkozy, president of France, after the latter’s weekend meeting with Angela Merkel, Germany’s chancellor, to press for action. Herman Van Rompuy, the European Council president, has promised that leaders of the European Union would meet on October 23 to “finalise our comprehensive strategy”. That would allow the Europeans to present a plan for restoring confidence to the summit of the Group of 20 leading economies in November.