I’m wondering how Obama will be blamed for this:
Ángel Gurría, head of the O.E.C.D., said ahead of the meeting that the euro-zone countries had to act “very fast.”
“It’s not a question of the danger of contagion. Contagion has already happened,” he told Bloomberg television. “This is like Ebola. When you realize you have it you have to cut your leg off in order to survive.”
The problem is that it is not just Greece, which expects to receive international aid, but Portugal, Spain and other countries that must issue more debt soon.