Who owe who?
Money, debt, crisis! That’s all the news now. Panic and bedlam, disaster and doom. Agreement turns to disagreement, fix turns to flux.
There was a time when millions were a lot, but now we talk only of billions – except on the growing number of occasions when we talk in trillions. Politicians – many of whom have had no training in economics – talk of mind-boggling schemes to save the Euro, to save Europe and to save the world.