Crisis management?





January 31st, 2009

…Jamie Dimon’s mutterances of impatience at Davos speak for many as we continue to cut a path through the unchartered territority of the first truly global financial crisis. The US could normally be expected to step into the breach and lead the task of coordinating across key players that might begin to address it. For the moment the crisis is still at best in a holding pattern, crying out for the surfacing of a global leadership approach. Mr Sarkosy and Mr Brown have both been proactive, but likely lack the clout beyond the postures, added to which the newsflow at home now begins to menace. Mr Obama has been focusing on first winning then transitioning into the WhiteHouse and while his mandate is clear and his economic team credible, the mess in large part has been ‘made in the US’. So step forward Angela Merkel, who recently impressed with a thought-through program for Germany: Time for some boxing and coxing and to invite Mr Obama back to Berlin for a special session, with, as Mr Dimon pleas, the right people in the room for the task at hand.

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