So today's talk of a Marshall Plan-type initiative for the region is not over-excitable.

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To avoid it just being a sticking plaster it would have to come with large amounts of fiscal transfer, as suggested on 21 July, in the form a quasi-Marshall Plan (since eurobonds are off the agenda due to the German court ruling).

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He has thrown his weight behind a so-called Marshall Plan for Africa, named after the US programme that helped rebuild Europe after the devastation of the Second World War.

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As Secretary of State (1947-1949), he devised the Marshall Plan for Europe's post-war reconstruction.

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Marshall, an architect of the post-war plan to rebuild Europe.

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He cites the Marshall Plan as an example of liberal nation-building that worked, and suggests trying something similar in the Middle East.

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Facts on the ground are superseding this: to save Greece, you would have to do Euro bonds, and a Marshall Plan, take losses on the debt, and - maybe - even allow some degree of temporary autarky to overcome the social crisis.

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But if I remember -- let me take you back perhaps to the period after the Second World War when, through the Marshall Plan, Germany was able to get back on its feet again.

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