The current crisis is multiple. Initially sovereign and financial, it then became a social and political crisis. These changes do not facilitate the assessment of the situation, let alone the implementation of solutions. Back on the various facets of the crisis.

With some 4,000 initiatives registered to date, the Clean Development Mechanism (CDM) and Joint Implementation (JI) have proved their usefulness for reducing emissions and attracting investments. However, this success could be called into question in the absence of a clear international framework beyond 2012.

The 26 and 27 October European Summit was followed by a spectacular rise in the Markets. Does this mark the historic turning point as some analysts would have us believe or is it simply some extra time won?

It emerges from an poll, conducted by the Global Alliance of Investors, dealing with institutional investors in Europe, that 80% of those questioned, believe in the ability of the euro to cope with current challenges. British investors are less optimistic.

We have exhausted our recourse to borrowing. Other ways must be found if we want to avoid general bankruptcy