In the WSJ the recent daily trend in the stock, bond and currency markets is taken as evidence that confidence in the days-old European bailout and austerity plans is slipping.
First, a few days is hardly enough evidence. But second- what do they propose.
The real problem is that leaders in Europe need to admit to their citizens that the socialist welfare states they have created are not sustainable and must be dismantled. Not adjusted, but dismantled. Europe needs to get back to work and create wealth. They need lower taxes and balanced budgets. Which means no more subsidies, less government and less legally mandated vacation.