Daily Mail
"A woeful lack of leadership across the Western world is making a perilous situation worse. Markets hate uncertainty and they sense no one is in control. German Chancellor Merkel and French President Sarkozy are in denial about the true scale of the debt problem. The International Monetary Fund, which is supposed to enforce austerity measures on recalcitrant nations, is paralysed. First its boss Dominique Strauss-Kahn resigned over lurid rape allegations, now his successor Christine Lagarde (who is not a trained economist) is embroiled in a corruption inquiry. Italy’s clownish premier Silvio Berlusconi has allowed his nation’s debt to reach 120 per cent of GDP with no sign of remedial action, and Spain is blighted by impotence pending an election next month. President Obama, having thrown a trillion dollars into a failed bid to stimulate growth, has largely retreated to the White House and seems interested only in being re-elected."
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