Brockie, Robert Ellison, 1932- :Global financial crisis conference... 19 Aug 2011

The cartoon shows the 'Global Financial Crisis Conference'. On one side of the table, all looking very glum, are French President Sarkozi, American President Obama, and German Chancellor Angela Merkel and facing them are a crowd of reporters. In a second frame it is 'After hours' and night-time. The three leaders are all tossing coins into a wishing well. Context: Refers to the latest development in the eurozone crisis. On July 21 there was a summit of leaders of the euro area. President Obama spoke to Chancellor Merkel and President Sarkozy in separate phone calls after financial markets around the globe took a nose-dive on Thursday (August 4) amid fears about Europe's ability to tackle its debt crisis and a global economic slowdown. Jane Foley, senior currency strategist at Rabobank, said that Britain's economic fundamentals are "far from attractive", but less grim than other countries. "Slow economic growth, low interest rates, a highly indebted consumer sector and a large government fiscal deficit suggest there are clear similarities with the US," said Foley. The US is struggling with its own debt crisis.

Quantity: 1 digital cartoon(s).