The plan to have a plan

摘要

BANKS' woes have stolen the headlines this week. But the real reason to worry about Europe is that policymakers are still flailing in their efforts to come up with a big plan, fast, to get to grips with the region's debt crisis. From how to deal with Greece to how to build a firewall around solvent but illiquid countries such as Italy, Europe's progress is hampered by the usual mixture of public bickering and behind-the-scenes brinkmanship.