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	<title>Snowblog &#187; Berlusconi</title>
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	<description>Jon Snow brings you insights, revelations and perspectives. Join Jon for a ringside seat to follow the news.</description>
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		<title>The gathering euro-avalanche</title>
		<link>http://blogs.channel4.com/snowblog/gathering-euroavalanche/16462</link>
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		<pubDate>Wed, 26 Oct 2011 08:26:14 +0000</pubDate>
		<dc:creator>Jon Snow</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Snowblog]]></category>
		<category><![CDATA[Berlusconi]]></category>
		<category><![CDATA[Brussels]]></category>
		<category><![CDATA[Eurozone]]></category>
		<category><![CDATA[Jon Snow]]></category>
		<category><![CDATA[Nouriel Roubini]]></category>

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		<description><![CDATA[Heading to Brussels for today's crucial eurozone summit, Jon Snow blogs that he cannot remember in his lifetime a financial crisis as bad as the present one.]]></description>
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<p>Ever considered what it would be like to hit a blancmange at  25mph? I’m about to find out what it’s like. The blancmange in question stinks  of fudge.</p>
<p>Inevitably, Brussels-bound, I am talking about travelling to  a &#8220;momentous&#8221;, &#8220;game changing&#8221;, &#8220;historic&#8221; moment in the history of Europe. A  great summit of eurozone heads of government, summoned to resolve the gathering  and ever deepening eurozone crisis.</p>
<p><span id="more-16462"></span>The finance ministers of the self-same  states should have been in session this morning, but they never left base camp.  They could see the political avalanche rolling toward them from higher up the  mountain.</p>
<p>Greeks and Italians seem to be speeding it on its way down the  mountain – indeed, the grinning face of Berlusconi can be caught in the flying  debris from time to time.</p>
<p>The British are struggling around on the edge of the  piste shouting orders but with no skis on their own feet.</p>
<p>I cannot remember in my life as a reporter, any financial  crisis as bad. I cannot remember looking forward and not knowing where on earth  the world will be by Christmas.</p>
<p>I’m going to be diving around Brussels and the summit centre  and will blog again later. But in the meantime I’ll try to keep info flowing via  Twitter.</p>
<p>Perilously close to Brussels now on the Eurostar &#8211; and fudge  stink is almost suffocating. If you have the stomach, read the great, and all too  frequently correct <a href="http://yhoo.it/uTWm7S" target="_blank">Iranian-American economist  Nouriel Roubini</a> in the The  Australian today.</p>
<p><em>Follow <a href="https://twitter.com/#!/jonsnowC4" target="_blank">Jon Snow</a> on Twitter</em></p>
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