Arguing over the ABC and D of the crisis

Arguing over the ABC and D of the crisis Fiscal consolidation is necessary now. The doubts are simply over timing, speed and flexibility, because today private indebtedness is high, banks fragile and interest rates low, writes Martin Wolf
http://link.ft.com/r/IOCBMM/RNR4XJ/OJS3XZ/LQXAIO/EW7A77/4O/h?a1=2011&a2=6&a3=3