Confidence cannot be restored unless it backs the rest of the fiscal and constitutional reforms that he wants, some of them long languishing in the legislature.
When he became president in 1913, he boasted that he could transform Latin America, if not the rest of the world, into constitutional democracies in America's image.
This first paper in the series seeks to lay the foundations for the rest of the programme by examining both the current legal and constitutional arrangements for Scotland within the UK and some of the potential consequences of independence.