Europe is digging an ever-deeper hole as it
vows to resolve the eurozone crisis, experts said on Sunday as Greece
readies for a pivotal week of international debt diplomacy.
"The otherwise fractious European Union leaders have united in their
criticism of the markets, the IMF and now (US Treasury Secretary) Tim
Geithner -- for being honest about the scale of problems facing the
eurozone," Sony Kapoor, head of the Re-define think tank, told AFP.
En route to New York and a frantic week at International Monetary Fund,
World Bank and G20 gatherings, he said "kill the messenger seems to be
the new strategy" for an EU "plagued by parochialism, pettiness and
procrastination."
"This does not bode well for the ability of EU leaders to respond to the
big and urgent challenge posed by the unsustainable borrowing costs
facing Italy," the eurozone's third economy, he said.