At the end of November the EU finance ministers approved a plan of financial support for Ireland. This measure too helped to allay but did not eliminate the tensions, in a context of elevated uncertainty in the markets regarding the prospects of stabilization in the countries hit by the crisis and the possible interconnections between sovereign risks and the vulnerability of some banking systems.
The crisis originates from imbalances that in some countries concern the public finances, in others the banking system. Overcoming the difficulties first requires drastic, resolute national measures.