Disputes on Euro rescue risks marring summit

Press quote (New York Times)
23 March 2011

"They haven't grasped what they have to do in terms of restructuring and recapitalising the banks," said Charles Grant, director of the Centre for European Reform, a research institute. "They are behind the markets. Public opinion in Ireland and Greece on the one hand, and Germany and Netherlands on the other, is going in incompatible directions," Mr Grant said. "There may be a time when, even if politicians want to do the right things for the euro, public opinion will not allow them to."