Davos 2012: Optimism or crisis fatigue?

 

Stephanie Flanders reports from Davos where there is a prevailing mood of measured optimism over the eurozone crisis

I've been thinking about the lessons of this year's World Economic Forum in Davos for Radio 4's Today programme - including excerpts from interviews with financier George Soros and IMF chief Christine Lagarde, among others.

You can listen to my report here.

For full coverage of the Davos 2012 meeting, please go to our special report.

 
Stephanie Flanders Article written by Stephanie Flanders Stephanie Flanders Former economics editor

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  • rate this
    +1

    Comment number 19.

    To co. 18:

    Germany doesn´t want to "lead" or "dominate" Europe.

    The UK is wamly welcomed to take the lead in Europe - that means of course being Europe´s biggest paymaster.

    Stand by Europe and opne your pockets widely.

    You can pump your taxpayer´s money in endless bailout packages for Greece as they didn´t manage to get control over their debt.

  • rate this
    0

    Comment number 18.

    The creation of a currency union among a group of nations with divers cultures and economies by consent was always going to be difficult.

    The Euro's creators waved aside legitimate economic concerns for political reasons. Now they either have to force through a "United States of Europe" solution, without a democratic mandate, or face a breakup of their grand design.

    What's german for hubris?

  • rate this
    0

    Comment number 17.

    UK and "the city"
    1. The British government is said to have good connections to rating agencies: in December 2011 Moody´s said UK could lose its triple A for low growth expectations; govt debt reached 1 tn pounds

    2. London as financial place stands for "excessive capitalism", greed without any limits, overwhelming banker bonuses, tax evasion.

  • rate this
    0

    Comment number 16.

    DrBalthar
    Isn't it a bit like Manns 'Magic Mountain' but with commercial breaks and less tuberculosis.

  • rate this
    +1

    Comment number 15.

    I am afraid Portugal (in the great scheme of things) is not big enough to worry enough people and will be allowed to fail
    The PIIGS acronym is outdated now, Spain is doing some good stuff and should not be underestimated - watch & learn how this country gets through this.

 

Comments 5 of 19

 

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