Une rentree chaude

摘要

WHAT a miserable summer for Europe's leaders. Away hik-W ing in northern Italy, Angela Merkel spoke by phone to Mario Monti to promise to do "everything necessary" to preserve the euro. The Italian prime minister then toured European capitals seeking help to hold down his country's borrowing costs. Meanwhile Wolfgang Schauble, the German finance minister, hosted the American treasury secretary, Tim Geithner, during his holiday on the German island of Sylt. And the man everybody is watching, Mario Draghi, president of the European Central Bank (ecb), promises: "I will not be going to Polynesia-it's too far."