On this plan, the EFSF could then be a proper European Monetary Fund, with one side managing adjustment programmes and (where necessary) orderly debt restructuring, and the other side using ECB liquidity to support confidence in solvent but troubled governments, by buying their bonds on the secondary market.

BBC: Central banks and the 'spirit of 2008'

There's also a input level adjustment on the side in a form factor that resembles the Apogee Jam -- albeit with different connectors.

ENGADGET

This newspaper believes that the lion's share of the adjustment should come on the spending side.

ECONOMIST: America's budget deficit

The adjustment process should now be virtually complete, so the pressure on prices from this side should abate.

FORBES: Funds Shed Gold Positions, Bolster PGM Futures, Options - CFTC