The European Union's top economy official said Tuesday that the 16 euro nations have a solution to rescue any member that risks economic collapse. EU Monetary Affairs Commissioner Joaquin Almunia said it would not be clever to give out details in public "but the solution exists." "Don't fear, we are equipped intellectually, politically, economically to face this crisis scenario," he said in a speech at an event organized by the European Policy Centre think tank. "But by definition this kind of things should not be explained in public."

I can rest easier now knowing that they have a super-secret solution to all our problems. I'll just ignore all their previous screw-ups, all the stuff they did to get us where we are today, and all the previous "solutions" that didn't work. This time, they have it figured it for sure!