Wednesday, October 8, 2008
"Alistair Darling’s car nosed into an industrial estate on the edge of Luxembourg in the teeming rain shortly after 7am yesterday. The Chancellor, who had been woken at 4am, looked drawn. The previous day there had been the largest fall in the FTSE 100 for 21 years with bank shares taking the worst of the hammering. Markets, spooked by European governments’ ill-disciplined and confused response to the credit crisis, now threatened the survival of lenders across the continent...".