I want last week's European bail-out to work. My sincere hope is that collective and decisive action by the eurozone's large member states will stabilize global markets, at least for a while, so allowing the global economy to catch its breath.
Yet the responses of our politicians to recent financial troubles â?? hiding behind complexity and kicking the can down the road â?? have not only failed to temper the volatility, but have actually made it much worse. Last week's eurozone "agreement", for all the related fanfare, was a case in point.
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