The sticking plaster is only useful if it gives Italy and Spain sufficient time to persuade the markets that they have their deficits on a sustainable downward trend and their public finances are being properly fixed.

BBC: How ECB failed to reassure investors

Emotional lessons that are not properly learnt at the toddler stage will never be fixed or only at great and slow therapeutic cost.

BBC: A Point of View: Modern parenting

They fail to grasp the potential benefits of a long-term fixed-rate loan because they do not understand risk properly.

ECONOMIST: No he can't