Wealthy west has little excuse after finally waking up to global debt crisis | Larry Elliott
As recent banking failures in US and Europe show, rich countries can act quickly when they want to
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Wealthy west has little excuse after finally waking up to global debt crisis | Larry Elliott

### Response: As recent banking failures in US and Europe show, rich countries can act quickly when they want to