The US justice system is an unlovely affair of frantic litigation by too many lawyers in too many courts, with expensive and patchy results. But occasionally a judge wields his power for the public good.
Plenty of risk officers and strategy directors must be dreading the order from the boardroom: “We need a full report on the impact of eurozone break-up – and how we will deal with it – by tomorrow’s emergency meeting.”
Wednesday’s FT analysis of how, if at all, businesses are preparing for disintegration of the currency area is fascinating. But the comments seem to me to alternate between despair (“There is no blueprint for anything. You do discuss certain scenarios with customers, but it is like poking around in the fog”) and complacency (“Treasurers in multinationals remain generally positive about their ability to weather the systemic fallout from any European exit”). Read more