Now, we need to address the sharing of the blame, and of the pain. The transformation of a vicious surplus recycling system into a virtuous one.

The people of the surplus countries need to realise that their politicians and bankers have failed them : accumulating absurd surpluses at the expense of real, concrete prosperity, and wasting these surpluses in a profligate manner. The bad loans will never be repaid : they never should have been made.

_{It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II}