The abyss - Thats the key to the near term. The EU/G7/IMF or any combination must show political will, and put a deal on the table. Otherwise the down slope gets magnified.
Should the group put together a clear and achieveable strategy, it will give the US time to also impliment their recovery measures later in the month starting with a version of Qe3
The next 6 weeks are absolutely critical to the long term stability of world markets.
Beyond that, it is up to governments to deliver on their commitments ( LOL )
strauss
You make a good point re media and doomsayers
The now 24 hour news where every headline is grabbed and sensationalised, no doubt adds to the whole snowball. Imagine in 1929, they would have found out in the paper a day or so later !!
