Mr Bush's response to the first was to tell the rest of the world that “you are either with us or against us” and invade Iraq with the UK in tow. His response to the second was to listen
to finance ministers from around the world and fall in line with Europe by buying stakes in banks.
I vote for the second approach.
It is much too early to declare “mission accomplished” on the financial crisis since markets remain extremely nervous and banks are still reluctant to lend to one another. But the latest version of the global bail-out plan at least stands a fair chance of success.
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