View from Europe of the bailout.

I just wish we had central bankers here in Europe who would be prepared to move as quickly and as decisively as their colleagues on the other side of the pond. Our 'eurocrats' continue to worry unnecessarily about inflation and, by not acting aggressively enough, it is more than likely that the recession which is engulfing us as we speak will end up doing considerably more damage here in Europe than in the US.

---Niels Jensen, Managing Partner of Absolute Return Partners, London (noted by John Mauldin, 11.10.08)