And let me say that it is wonderful to look out and see so many great friends, including a very large delegation from Chicago. (Applause.) Alan Solow, Howard Green.

WHITEHOUSE: President Obama at 2011 AIPAC Policy Conference

Writing in the Financial Times, Howard Davies and David Green call for more candour from Europe's politicians, explaining why in a monetary union responsibility for debt has to be shared, or why purely national budgets cannot continue.

BBC: Euro crisis: a torrent of words, but no clarity