EU Fighting Total Lack of Trust in Aid Models, Fitch Says

European policy makers are fighting a “complete lack of confidence” in their ability to resolve the crisis after failing to persuade investors they’re united in their choice of tools to handle the turmoil, Fitch Ratings President Paul Taylor said.

“The key issue in European markets is very much about confidence,” Taylor said in an interview in Copenhagen yesterday. “There is a complete lack of confidence in the system, in the use of tools that could be available and even in the ones that have been announced. The problem through this crisis is that there has been the lack of a central view point.”