Se préparer au pire, pour l’éviter – Jacques Attali
Jacques Attali’s nightmare scenario for Europe and the world financial system. A bit overboard but intended as a warning mainly for the political class caught in small time bickering, populist posturing and overall politicking. The time for “too little too late” and “let’s do this and then see what happens” has gone. Good timing also in his request for a serious debate on a very serious set of scenarios: right before the IMF and WB annual board meeting in Washington next week. Unfortunately I believe it will be met with the same obtuse and partisan attitude like Obama’s American Jobs Act. Here the divide however does not fall exclusively on an ideological faultline.