That is the necessary precondition for the stability that I think everyone is seeking for the country to be able to move forward,"

VOA: standard.2009.05.25

Optimists will point out that 500bn euros of bailout money should be available for use reasonably quickly to prop up the likes of Italy and Spain, as a result of the leaders' decisions to expedite expansion of the European Financial Stability Facility and bring forward the launch date of the European Stability Mechanism.

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"The changes to the reimbursement arrangements are based on hard evidence and we have worked with the industry to provide them with some much-needed stability going forward, " said Mr Brown.

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Brazil's success in resisting such pressures gave everyone hope that the country would now have the stability to truly move forward.

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