EDITORS' PICKS: Euro-trashed

As the crisis descended on Europe, confidence in its financial institutions dwindled and emergency measures were put in place. Click here for coverage of the big issues from Kohler, Gottliebsen and Bartholomeusz.

Woe is Europe
Alan Kohler
The greatest danger the world faces now lies not in the United States, but in Europe, where what amounts to a leadership vacuum makes the actions of Bernanke and Paulson look positively commanding.

The battle of Britain
Stephen Bartholomeusz
The £500 billion bailout of UK financial institutions is in stark contrast to the US relief package. It's a comprehensive attempt to target those aspects of the banking system that have seized up and get them moving again.

Hope from China
Robert Gottliebsen
While fear is gripping the banking system, some hope still remains for Australian investors with China taking or preparing to take a number of measures that will benefit us and them.

The G7 summit with be pivotal
Martin Wolf, Financial Times
When the Group of Seven finance ministers and central bankers meet later this week they face a stark choice – coordinate a new global financial order or risk another Great Depression.

Russia is running on empty
Pierre Briancon
Extreme bouts of volatility have forced the Russian bureaucracy to raid its foreign reserves to the tune of $US190 billion. At this rate it won't be too long before it's all gone.

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