[Cronos]

"The most important lesson is the speed of adjustment," he said. "When you're in a situation where the markets don't trust you, you need to regain confidence quickly. Without financial stability, the banks are not lending, companies are worried, not investing, and you get a deeper recession."

Wise leader -- why can't we get a President like this?

[Viennacon]

Latvia - the most naive of the Baltics.
Can you not see the black hole? Do you really want to be plunged into economic crisis with Putin breathing down your neck?

[Shadow44]

By Latvia, do they mean the public or the government?

When France and Ireland vetoed the EU Constitution by referendum, their governments ignored them and ratified it anyway.

[mazda77]

Wise leader -- why can't we get a President like this?

Hello, McFly!

We're talking about the Euro here! But then again I suppose that Obama "sounded" good to you giving that Keynote speech in 2004 too?