There is enormous potential in the UN Plan of Action in bringing the full weight of the UN to bear on the challenges, and in being a point of reference for others who share the concern to turn the tide.

UNESCO: World Press Freedom Day 2013

However, as Peter Boone and Simon Johnson of the Peterson Institute in Washington, DC, explain, Germany then signalled that defaults could happen and that investors would have to bear a share of the losses a reasonable demand, but a hard one to introduce in the middle of a crisis.

ECONOMIST: The causes