The euro puzzle
Colin: As leaders of the G20 countries prepare for their summit in
France, the richest sovereign wealth funds like those of China, Abu
Dhabi and Norway are being asked to risk billions of dollars of their
surplus cash in the so-called grand plan to allay Europe’s debt crisis.
But can that plan work? Peter: No, this summit is basically a placeholder. None of the core
issues in terms of a potential Greek default, a potential Italian
catastrophe or banking crisis has really been addressed.
Colin: But will it be enough to keep the euro alive?