Today UK Prime Minister addressed a joint session of Congress with a forceful call for international action around a “Global New Deal” to bring the world economy out of the economic crisis. The need for action right now is most urgent in Europe, where fear is growing of an economic crash that could threaten the Euro and the Union itself. However, the current steps are very incremental and insufficient to a threat of this magnitude -- with ramifications for the US economy, the future of the EU, and the economic and political stability of many developing countries which depend on trade with Europe.
