On my flight here I realised that late March to early April is actually the perfect time of the year to visit Tokyo. After all, it is sakura – or cherry blossom season, which started a little early this year. I will make sure I find some spare time tomorrow to take a walk and cherish this unique natural spectacle.
The current sovereign crisis is largely the outcome of severe shortcomings in the institutional architecture of EMU, which was not capable of fostering prudent fiscal, structural and financial policies. But policy-makers have reacted to these shortcomings and have set in motion ambitious reforms to strengthen economic governance in Europe.