Australia’s Swan Implores Europe to Muster Political Courage

Australian Treasurer Wayne Swan called on Europe’s policy makers to stop squandering opportunities and make potentially unpopular decisions needed to stabilize the region’s fiscal crisis.

“In a pattern now all too familiar, European politicians are still well behind the curve, having failed to take advantage of the months of relative calm,” Swan said in the text of a speech to be delivered at a Euromoney forum in Sydney today. “Put simply, what is required is some basic political courage.”