August 5th, 2011
12:13 PM GMT
As global markets head south again, questions are being asked about the whereabouts of Europe’s policymakers.
German Chancellor Angela Merkel is on a hiking holiday in Italy, French President Nicolas Sarkozy is on a three-week holiday in the French Riviera, Italian Prime Minister Silvio Berlusconi is heading for his villa outside Milan, and UK Prime Minister David Cameron is keeping a low profile on holiday in Tuscany, according to The Times.
Those who cut vacations short include EU Economic and Monetary Affairs Commissioner Olli Rehn, who is heading back to Brussels, and Spain’s Prime Minister Zapatero who rushed back to Madrid on Thursday, and Portuguese Prime Minister Pedro Passos Coelho.
Kathyrn Hopkins, writing in The Times, says: “Evidence of political paralysis has dogged the crisis from the beginning and with many eurozone leaders enjoying their summer holidays, the markets have become increasingly nervous that the situation will worsen.”
What do you think - should Europe’s leaders cut short their holidays? Can politicians do anything to stop the contagion anyway, or would their return further spook the markets and make matters worse?
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