Will we be all right in the end?
David Runciman: Europe’s Crisis, 5 January 2012
“... announced. Get this wrong and ‘there will be no second chance.’ It was salvation or the abyss. Angela Merkel wanted people to know that it was important not to be rushed; any solution would take time. ‘The European crisis will not be solved in one fell swoop,’ she declared. ‘It is a process and this process will take years.’ So which one was ... ”