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It is unlikely to achieve its aim of more lending to the real economy
For policymakers to disappoint a second time would be more than unfortunate
Government debt, the crisis the region is fighting, makes the concept look whimsical
If the EFSF is the wonder drug, it must be given all the flexibility it needs
Decision-making on further bail-outs should now be faster
Dividends may be cut as tax bills for utilities are about to soar
Irrationality – from investors, banks or consumers – makes unintended consequences almost unavoidable
Calling reprofiling ‘soft restructuring’, is moderately encouraging
The challenge is to design a package that will cure its distinctive central problem
Stronger political commitment is needed to address poor economic prospects
The European Council’s crisis resolution strategies have seemed impressive until you look closer
The leaders are in danger of flunking their own stress test
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