It was striking, however, that his speech contained a mention of neither his coalition partners, the Liberal Democrats (attack or praise), nor their leader and his own deputy, Nick Clegg, nor even a reference to the coalition itself.

BBC: Who won the battle of values?

Nor is the shift from direct lending to auction sure to work: for all the praise heaped upon the ECB, the spread between the ECB's repo rate and euro-denominated interbank rates is no less worrying than that in America or Britain.

ECONOMIST: A collaboration over the credit crisis